« previous next »

Author Question: Refer to the figure above. Which indifference curve depicts the highest level of utility? A) IC1 ... (Read 24 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
Refer to the figure above. Which indifference curve depicts the highest level of utility?
 
  A) IC1
  B) IC2
  C) IC3
  D) IC4

Question 2

Suppose the government establishes a price support for soybeans. The new government program will tend to
 
  A) decrease the output of soybeans.
  B) increase the quantity demanded of soybeans.
  C) decrease the demand for soybeans.
  D) increase a farmer's opportunity cost of producing other commodities (such as corn), which could be grown on the same land used to grow soybeans.
  E) do none of the above.


al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library