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

Author Question: How do constraints affect our choices?[br][br][b][color=black]Question 2[/color][/b][br][br]A ... (Read 85 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
How do constraints affect our choices?

Question 2

A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

Constraints put limits on our choices, and differences in the constraints different people face lead them to different choices.

Answer to Question 2

False


Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Best Statistics Question Best Statistics Question
black swallower black swallower
A color-coded record. A color-coded record.
Math question Math question
Dark Blue Eye Color Dark Blue Eye Color
Allelic series for coat-color determination in mammals Allelic series for coat-color determination in mammals
Video: Epidural Hematoma

For a complete list of videos, visit our video library