Author Question: Refer to Figure 10-6. Which diagram demonstrates a decrease in total utility following an increase ... (Read 82 times)

Shelles · **on:** Jun 29, 2018

Refer to Figure 10-6. Which diagram demonstrates a decrease in total utility following an increase in the price of candy?

A) the movement from e to d in Panel A B) the movement from g to f in Panel B
C) the movement from k to h in Panel C D) none of the above

Question 2

Refer to Figure 17-3. Panel D is appropriate when used to represent

A) the quantity of labor demanded by an input price taker.
B) the quantity of labor supplied by someone working a fixed number of hours.
C) the labor supply curve facing an input price taker.
D) the highly-skilled labor market supply curve.