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Author Question: In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will ... (Read 147 times)

khang

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on: Jun 29, 2018
In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will occur
 
  A) inside the budget line.
  B) outside the budget line.
  C) on the budget line.
  D) at the origin.

Question 2

Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor.
 
  A) decrease; demand for; low-skilled; high-skilled
  B) decrease; supply of; low-skilled; high-skilled
  C) do not change; supply of; high-skilled; low-skilled
  D) do not change; demand for; high-skilled; low-skilled


Joc

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

C

Answer to Question 2

A


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