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Author Question: Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ... (Read 36 times)

RRMR

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on: Jul 1, 2018
Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of substitution?
 
  A) It is diminishing.
  B) It is positive but varies along the indifference curve.
  C) It is constant.
  D) It is zero.

Question 2

Which of the following are examples of perfectly competitive markets?
 
  A) Wheat
  B) Textiles
  C) Gold
  D) The stock market
  E) all of the above


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mistyjohnson

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


RRMR

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Reply #2 on: Jul 1, 2018
Thank you


mistyjohnson

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Reply #3 on: Jul 1, 2018
No problemo


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