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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 43 times)

j.rubin

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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.



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amit

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Answer to Question 1

D

Answer to Question 2

A




j.rubin

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Reply 2 on: Jul 1, 2018
:D TYSM


anyusername12131

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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