« previous next »

Author Question: Indifference curves shift or rotate A) only when income changes. B) only when prices change. C) ... (Read 103 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 29, 2018
Indifference curves shift or rotate
 
  A) only when income changes.
  B) only when prices change.
  C) when either income or prices change.
  D) with none of the above because changes in income and prices do not shift indifference curves.

Question 2

The above figure shows the demand and cost curves for a monopolistically competitive firm in the long run. The firm maximizes its profit by
 
  A) producing 8 units and charging a price of 5.
  B) producing 8 units and charging a price of 15.
  C) producing 16 units and charging a price of 10.
  D) producing 20 units and charging a price of 25.


laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
Vertebral regions showing the four spinal curves. Vertebral regions showing the four spinal curves.
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
Climate Change Climate Change
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
Determination of Income Inequality Determination of Income Inequality
Video: Tuberculosis Testing

For a complete list of videos, visit our video library