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Author Question: Those who criticize individuals who choose to drive a relatively inefficient sport utility vehicle ... (Read 202 times)

xroflmao

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on: Jul 1, 2018
Those who criticize individuals who choose to drive a relatively inefficient sport utility vehicle (SUV) might mistakenly
 
  A) assume everyone faces the same relative prices.
  B) assume everyone has the same preference set.
  C) assume everyone has the same budget constraint.
  D) All of the above.

Question 2

One reason more sport utility vehicles (SUVs) are driven in the United States than in Europe is
 
  A) different marginal rates of substitution.
  B) different marginal rates of transformation.
  C) the United States hasn't had a recession since 2000-2001.
  D) Either A or B
Microeconomics ¦ Perloff ¦ 8th Edition
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ntsoane kedibone

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


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