An indifference curve shows combinations of goods ________. A) ...

[ts19998]

An indifference curve shows combinations of goods ________.
 
  A) which the consumer prefers equally
  B) that are affordable
  C) that are inside or on the budget line
  D) that have the same relative price

Question 2

The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. An increase in the wage rate for labor leads to
 
  A) an increase in the quantity of labor demanded.
  B) a decrease in the quantity of labor demanded.
  C) an increase in the demand for labor.
  D) a decrease in the demand for labor.

[underwood14]

Answer to Question 1

A

Answer to Question 2

B

[ts19998]

Wow, this really help

[amandalm]

Thanks for the timely response, appreciate it