Author Question: Moving down along an indifference curve: a. total utility remains constant. b. total utility ... (Read 105 times)

acc299 · **on:** Jun 30, 2018

Moving down along an indifference curve:
a. total utility remains constant.
b. total utility decreases.
c. total utility increases.
d. total utility first decreases and then increases.

Question 2

The labor market is in equilibrium when:
a. the demand curve lies above the supply curve.
b. both demand and supply curves are positively sloped.
c. both demand and supply curves are negatively sloped.
d. the demand curve intersects the supply curve.
e. the demand curve is negatively sloped but the supply curve is positively sloped.