« previous next »

Author Question: Along a consumer's demand curve, price reflects a. the costs of production b. the dollar value of ... (Read 29 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Along a consumer's demand curve, price reflects
 a. the costs of production
  b. the dollar value of the total utility from the good
  c. the dollar value of the marginal utility of each additional unit of the good
  d. the maximum quantity that could be purchased, given income
  e. non-rational decision making

Question 2

The law of demand states that
 a. quantity demanded is inversely related to price
  b. quantity demanded is directly related to income
  c. marginal utility is inversely related to quantity consumed
  d. total revenue is directly related to price
  e. demand curves are linear


Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

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?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Energy Production Energy Production
Linear dose-response curve Linear dose-response curve
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Heart sounds

For a complete list of videos, visit our video library