Holding your income and the price of lobster constant, you can ...

[jilianpiloj]

Holding your income and the price of lobster constant, you can derive your demand curve for steak from an indifference curve/budget line diagram by determining how your consumption of steak changes when the price of a steak changes.
 
  Indicate whether the statement is true or false

Question 2

In the long run, total variable cost is zero.
 
  Indicate whether the statement is true or false

[janeli]

Answer to Question 1

TRUE

Answer to Question 2

FALSE

[jilianpiloj]

Thanks for the timely response, appreciate it

[miss_1456@hotmail.com]

Excellent