Author Question: An indifference curve shows combinations of goods ________. A) which the consumer prefers equally ... (Read 40 times)

ts19998 · **on:** Jun 29, 2018

An indifference curve shows combinations of goods ________.

A) which the consumer prefers equally
B) that are affordable
C) that are inside or on the budget line
D) that have the same relative price

Question 2

The preceding table gives monthly production information for Peter's Peanuts, a firm in a perfectly competitive industry. An increase in the wage rate for labor leads to

A) an increase in the quantity of labor demanded.
B) a decrease in the quantity of labor demanded.
C) an increase in the demand for labor.
D) a decrease in the demand for labor.