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Author Question: The more closely substitutable are two goods, the A) more normal looking is the indifference ... (Read 59 times)

faduma

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on: Jun 29, 2018
The more closely substitutable are two goods, the
 
  A) more normal looking is the indifference curve for the two items.
  B) more closely the indifference curve for these two items approximates a straight line.
  C) more tightly curved is the indifference curve for these items.
  D) None of the above answers is correct.

Question 2

Betty consumes only milkshakes and sandwiches and maximizes her total utility. Suppose that the prices of a milkshakes and sandwiches both double and at the same time Betty's income doubles.
 
  Betty buys ________ sandwiches and her marginal utility from sandwiches ________. A) more; increases
  B) fewer; decreases
  C) more; decreases
  D) the same number of; remains the same


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sarajane1989

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

B

Answer to Question 2

D


faduma

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

patma1981

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Reply 3 on: Yesterday
Wow, this really help

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