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Author Question: An indifference curve shows combinations of goods ________. A) which the consumer prefers equally ... (Read 97 times)

ts19998

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on: Jun 29, 2018
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.


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underwood14

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

A

Answer to Question 2

B


ts19998

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  • Posts: 531
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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