Author Question: If a market basket is changed by adding more of at least one good, then rational consumers will: ... (Read 70 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
If a market basket is changed by adding more of at least one good, then rational consumers will:
 
  A) rank the market basket more highly after the change.
  B) more likely prefer a different market basket.
  C) rank the market basket as being just as desirable as before.
  D) be unable to decide whether the first market basket is preferred to the second or vice versa.
  E) have indifference curves that cross.

Question 2

The trade-offs facing consumers include:
 
  A) how to allocate income across goods and serves.
  B) how to allocate income between consumption and savings.
  C) both A and B
  D) none of the above



ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library