[Answered] Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ...

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Author Question: Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ... (Read 40 times)

RRMR

Hero Member
Posts: 557

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

Sr. Member
Posts: 331

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

E

RRMR

Hero Member
Posts: 557

Reply #2 on: Jul 1, 2018

Thank you

mistyjohnson

Sr. Member
Posts: 331

Reply #3 on: Jul 1, 2018

No problemo

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Author Question: Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ... (Read 40 times)

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