« previous next »

Author Question: If an individual's utility function is quasi-concave, his or her MRS will: a. diminish as x is ... (Read 28 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
If an individual's utility function is quasi-concave, his or her MRS will:
 a. diminish as x is substituted for y.
  b. increase as x is substituted for y.
  c. be undefined except in special cases.
  d. always depend only on the ratio of x to y.

Question 2

Buyers anticipate that the temporary warehouse seller of unbranded computer equipment will
 a. deliver high quality products consistent with expectations
  b. not attempt to establish any warranty enforcement mechanisms
  c. offer several prices and qualities
  d. produce only one quality
  e. none of the above


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv Physiological effects of the accumulation of lactose in the intestines of a lactose-intolerant indiv
Anatomical sites for cardiac function Anatomical sites for cardiac function
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d) How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d)
Testing motor function of cranial nerve VII - Smile Testing motor function of cranial nerve VII - Smile
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library