Author Question: Indifference curves shift or rotate A) only when income changes. B) only when prices change. C) ... (Read 33 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
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
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

For a complete list of videos, visit our video library