This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A budget line shows the A) consumption possibilities of a consumer at a given level of income and ... (Read 191 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
A budget line shows the
 
  A) consumption possibilities of a consumer at a given level of income and prices.
  B) complete set of preferences for a household at various incomes.
  C) consumption possibilities for several sets of relative prices at a level of income.
  D) rate at which consumers wish to substitute one good for another.

Question 2

Because the demand for a perfectly competitive firm's product is perfectly elastic, marginal revenue is equal to
 
  A) one.
  B) zero.
  C) the price of the product.
  D) negative one.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


c0205847

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

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Spectral Line Motion in Binary Star Systems Spectral Line Motion in Binary Star Systems
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
Some Ford metal line connections use springlocks and O-rings. Some Ford metal line connections use springlocks and O-rings.
How to graph line equations without a table of values How to graph line equations without a table of values
The phenotypic and genotypic ratios of a dihybrid cross can be derived using a branched-line method The phenotypic and genotypic ratios of a dihybrid cross can be derived using a branched-line method
Video: Muscular Dystrophy

For a complete list of videos, visit our video library