This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ... (Read 10 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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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


« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
How to calculate invest at each rate How to calculate invest at each rate
Refer to (d) in the figure above. This rectifier arrangement Refer to (d) in the figure above. This rectifier arrangement
Bayesian Analysis of the Genotype of II-2 in Figure A.4 Bayesian Analysis of the Genotype of II-2 in Figure A.4
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library