« previous next »

Author Question: If two goods are perfect substitutes, then the indifference curves for those two goods would be ... (Read 90 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If two goods are perfect substitutes, then the indifference curves for those two goods would be
 
  A) upward sloping and concave to the origin.
  B) downward sloping and convex to the origin.
  C) downward sloping and straight.
  D) L-shaped.

Question 2

Diminishing marginal rate of substitution can be seen when indifference curves
 
  A) cross.
  B) are convex.
  C) are downward sloping.
  D) become flatter as we move down and to the right.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

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

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

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?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. ( Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. (
Supernova Light Curves Supernova Light Curves
Tuning Curves Tuning Curves
"Practice makes perfect" "Practice makes perfect"
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Shippers Declaration for Dangerous Goods Shippers Declaration for Dangerous Goods
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library