« previous next »

Author Question: Indifference curves are drawn on a diagram with the A) price of a good on the vertical axis and ... (Read 121 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
Indifference curves are drawn on a diagram with the
 
  A) price of a good on the vertical axis and its quantity on the horizontal axis.
  B) price of one good on the vertical axis and the price of another good on the horizontal axis.
  C) quantity of a good on the vertical axis and its price on the horizontal axis.
  D) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.

Question 2

Which of the following is NOT an assumption of marginal utility theory?
 
  A) People derive utility from their consumption.
  B) More consumption yields more total utility.
  C) Marginal utility diminishes with more consumption.
  D) Utility can be measured and the units of utility are precisely defined.


ghepp

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

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

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

2 Several oxygen-binding curves: for normal hemoglobin 2 Several oxygen-binding curves: for normal hemoglobin
Anatomy diagram Anatomy diagram
A Semantic Network Diagram for the Category “Animal” A Semantic Network Diagram for the Category “Animal”
The oil pump is the only part in an engine that gets unfiltered engine oil. The oil is drawn up ... The oil pump is the only part in an engine that gets unfiltered engine oil. The oil is drawn up ...
Diagram of gastric ulceration by H. pylori. H. pylori travels through the stomach's mucus ... Diagram of gastric ulceration by H. pylori. H. pylori travels through the stomach's mucus ...
Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies. Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies.
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library