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

Author Question: If X and Y are perfect substitutes, which of the following assumptions about indifference curves is ... (Read 72 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If X and Y are perfect substitutes, which of the following assumptions about indifference curves is not satisfied?
 
  A) Completeness
  B) Transitivity
  C) More is preferred to less
  D) Diminishing MRS
  E) none of the above (All of the above assumptions are satisfied.)

Question 2

The constant dollar price is:
 
  A) the real price of a good.
  B) the nominal price of a good adjusted for inflation.
  C) the current dollar price adjusted for inflation.
  D) all of the above
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
Wow, this really help

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Two ROC Curves Two ROC Curves
Perfect logistic curves Perfect logistic curves
Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ... Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ...
Survivorship curves. Survivorship curves.
Survivorship curves for people in the United States in the early 20th and early 21st centuries Survivorship curves for people in the United States in the early 20th and early 21st centuries
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: What is an ecosystem?

For a complete list of videos, visit our video library