This topic contains a solution. Click here to go to the answer

Author Question: If capital increases by two units, and MRTS is 1, then what is the MPL? A) 2 B) 1/2 C) 1 D) ... (Read 42 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
If capital increases by two units, and MRTS is 1, then what is the MPL?
 
  A) 2
  B) 1/2
  C) 1
  D) Not enough information given.

Question 2

Measuring y on the vertical axis and x on the horizontal axis, convexity of indifference curves imply that the magnitude of MRS of y for x
 
  A) is decreasing as x increases.
  B) is increasing as x increases.
  C) is constant as x increases.
  D) cannot be calculated for large levels of x.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

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

D

Answer to Question 2

A




j.rubin

  • Member
  • Posts: 557
Reply 2 on: Jul 1, 2018
:D TYSM


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library