« previous next »

Author Question: The magnitude of the slope of an indifference curve is: A) called the marginal rate of ... (Read 78 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?

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?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
The Rate Law The Rate Law
Herbert Spencer (1820–1903), sometimes called the second founder of sociology, coined the term ... Herbert Spencer (1820–1903), sometimes called the second founder of sociology, coined the term ...
Factors that Influence Pulse Rate Factors that Influence Pulse Rate
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ... Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ...
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library