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

Author Question: The marginal rate of substitution is: a. the total amount a consumer is willing to trade to get ... (Read 46 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jun 30, 2018
The marginal rate of substitution is:
 a. the total amount a consumer is willing to trade to get another good.
 b. the rate at which the consumer is willing to trade one good to gain one more unit of another good.
  c. is reflected by the slope of the indifference curve.
 d. characterized by both b. and c.

Question 2

If a particular factor has a specific use, its transfer earning is very high.
 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

JCABRERA33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


awywial

  • Member
  • Posts: 577
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

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?

The average office desk has 400 times more bacteria on it than a toilet.

Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Conjunctivitis

For a complete list of videos, visit our video library