« previous next »

Author Question: The absolute value of the slope of the budget constraint is equal to A) the quantity of the good ... (Read 41 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
The absolute value of the slope of the budget constraint is equal to
 
  A) the quantity of the good on the vertical axis divided by the quantity of the good on the horizontal axis.
  B) the price of good on the horizontal axis divided by the price of the good on the vertical axis.
  C) the marginal rate of substitution between the two goods in question.
  D) the price of good on the vertical axis divided by the price of the good on the horizontal axis.

Question 2

Refer to Figure 15-12. If the firm maximizes its profits, the deadweight loss to society due to this monopoly is equal to the area
 
  A) EFG. B) ACE. C) ABEG. D) ABF.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Cyanide works by making the human body unable to use oxygen.

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?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Are good deeds selfish? Are good deeds selfish?
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
Slope puzzle Slope puzzle
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Digestive System Animation

For a complete list of videos, visit our video library