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Author Question: If Hong Kong continues to devote more resources to accumulating capital than the United States, Hong ... (Read 108 times)

jeatrice

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on: Jun 29, 2018
If Hong Kong continues to devote more resources to accumulating capital than the United States, Hong Kong will continue to grow more rapidly than the United States.
 
  Indicate whether the statement is true or false

Question 2

If Rachel is at her best affordable point, then ________.
 
  A) her marginal rate of substitution equals 1
  B) her marginal rate of substitution is maximized
  C) the relative price of the goods she buys equals the marginal rate of substitution
  D) she is indifferent among other points on her budget line


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bitingbit

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


jeatrice

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nanny

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

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