Author Question: Which of the following is true about the indifference curve where one commodity (such as pollution) ... (Read 27 times)

audie · **on:** Jul 1, 2018

Which of the following is true about the indifference curve where one commodity (such as pollution) is bad?

A) It has a negative slope.
B) It has a positive slope.
C) It is horizontal.
D) It is vertical.

Question 2

Refer to Scenario 5.2. Which of the following is true?

A) Randy has a higher expected expense than Samantha for the car.
B) Randy has a lower expected expense than Samantha for the car.
C) Randy and Samantha have the same expected expense for the car, and it is somewhat less than 20,000.
D) Randy and Samantha have the same expected expense for the car: 20,000.
E) It is not possible to calculate the expected expense for the car until the true probabilities are known.