« previous next »

Author Question: The magnitude of the slope of an indifference curve is: A) called the marginal rate of ... (Read 97 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
The magnitude of the slope of an indifference curve is:
 
  A) called the marginal rate of substitution.
  B) equal to the ratio of the total utility of the goods.
  C) always equal to the ratio of the prices of the goods.
  D) all of the above
  E) A and C only

Question 2

Suppose the price of crude oil is 95 per barrel in New York and 85 per barrel in Texas, and the transaction costs for trading between the two markets are 15 per barrel. What actions should you take to arbitrage this price difference?
 
  A) Buy oil in Texas and sell oil in NY
  B) Sell oil in Texas and buy oil in NY
  C) Buy oil in both markets and wait for higher prices
  D) Do not buy or sell oil in either market


diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi
Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort
Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event Electrocardiography. (a) Electrodes are placed on the patient’s chest to record the electrical event
For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Enzymatic rate enhancements Enzymatic rate enhancements
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library