This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in ... (Read 98 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will
 
  A) increase.
  B) decrease.
  C) stay the same.
  D) change, but there is not enough information to know how.

Question 2

If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
 
  A) The budget line rotates inward from the intercept on the axis of the good that did not change in price.
  B) The budget line rotates outward from the intercept on the axis of the good that did not change in price.
  C) The budget line shifts outward without a change in slope.
  D) Nothing.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


torybrooks

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Gracias!

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Spectrum of Food Security Food insecurity and hunger are points along the continuum Spectrum of Food Security Food insecurity and hunger are points along the continuum
Immune Response to a Food Allergen Immune Response to a Food Allergen
Should Parents Make Their Own Baby Food? Should Parents Make Their Own Baby Food?
Climate change Climate change
Food Digestion Times Food Digestion Times
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library