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Author Question: The assumption that the magnitude of the slope of an indifference curve decreases moving to the ... (Read 94 times)

Collmarie

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on: Jun 29, 2018
The assumption that the magnitude of the slope of an indifference curve decreases moving to the right along the indifference curve is known as the assumption of
 
  A) the price effect.
  B) a diminishing marginal rate of substitution.
  C) an increasing marginal rate of substitution.
  D) an indifference curve effect.

Question 2

Which of the following is illegal under the Sherman Act? I. A competitor agrees with another competitor on the price at which the product will be sold. II.
 
  A manufacturer refuses to supply a retailer who does not accept the manufacturer's guidance on the price. A) only I
  B) only II
  C) both I and II
  D) neither I nor II


raenoj

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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