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Author Question: An increase in an individual's income without changing relative prices will a. rotate the budget ... (Read 66 times)

lilldybug07

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on: Jul 1, 2018
An increase in an individual's income without changing relative prices will
 a. rotate the budget constraint about the X-axis.
  b. shift the indifference curves outward.
  c. shift the budget constraint outward in a parallel way.
  d. rotate the budget constraint about the Y axis.

Question 2

When a transfer price is set lower
 a. the profits of the division producing the intermediate product will rise
  b. the profits of the division producing the intermediate product will fall
  c. the costs of the division producing the intermediate product will rise
  d. the costs of the division producing the intermediate product will fall


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raili21

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


lilldybug07

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Reply 2 on: Jul 1, 2018
Excellent

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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