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Author Question: If a consumer borrows at an interest rate greater than the interest rate at which he or she can ... (Read 120 times)

RYAN BANYAN

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on: Jun 30, 2018
If a consumer borrows at an interest rate greater than the interest rate at which he or she can lend, then
 
  A) banks cannot make a profit.
  B) the budget constraint has a kink at the endowment point.
  C) the consumer must be a lender.
  D) this makes no difference for consumer behavior.

Question 2

An indifference curve
 
  A) connects a set of consumption bundles among which the consumer is indifferent.
  B) is only useful in analyzing apathetic consumers.
  C) connects a set of consumers who each have the same preferences.
  D) is only useful in microeconomics.


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katara

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


RYAN BANYAN

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Reply 2 on: Jun 30, 2018
Excellent

parker125

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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