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

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
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
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!

« previous next »
 

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.

Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library