Author Question: As a consumer moves rightward along an indifference curve, the A) consumer remains indifferent ... (Read 164 times)

stock

  • Hero Member
  • *****
  • Posts: 573
As a consumer moves rightward along an indifference curve, the
 
  A) consumer remains indifferent among the different combinations of goods.
  B) consumer generally prefers the combinations of goods farther rightward along the indifference curve.
  C) income required to buy the combinations of the goods always increases.
  D) relative price of both goods falls.

Question 2

In which of the following situations is there most likely to be a monopsony?
 
  A) the market for farm workers in a large rural area
  B) the market for advertising executives in New York City
  C) the market for accountants in New York City
  D) the market for NBA players drafted out of college by one NBA team



ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

For a complete list of videos, visit our video library