« previous next »

Author Question: For an individual consumer, a corner solution may be optimal such that MRS and MRT are not equal, ... (Read 43 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
For an individual consumer, a corner solution may be optimal such that MRS and MRT are not equal,
 
  A) but this is not possible in an Edgeworth Box due to the transitivity of preferences.
  B) but this is not possible in an Edgeworth Box because price ratios must be positive.
  C) and this may also occur in an Edgeworth Box.
  D) and this may only occur in an Edgeworth Box under the perfect complements case.

Question 2

Which of the following is NOT true about the supply of labor to the firm in a competitive labor market?
 
  A) It is horizontal.
  B) It is perfectly elastic.
  C) It is equal to the marginal expenditure curve.
  D) It is upward sloping.


joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Balance the given redox reduction equation in basic solution using the half reaction method Balance the given redox reduction equation in basic solution using the half reaction method
Delta Method Solution Delta Method Solution
How many moles of AgCl are contained in 244 mL of 0.135 m AgCl solution? The density of the ... How many moles of AgCl are contained in 244 mL of 0.135 m AgCl solution? The density of the ...
What is the pH of the solution? What is the pH of the solution?
The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual
Solution to linear and parabola Solution to linear and parabola
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library