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Author Question: The above figure shows your budget line and indifference curves. What quantities of gasoline and ... (Read 107 times)

Deast7027

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  • Posts: 538
on: Jun 29, 2018
The above figure shows your budget line and indifference curves. What quantities of gasoline and movie rentals would you choose?
 
  A) 25 gallons of gasoline and 15 movie rentals
  B) 10 gasoline and 10 movie rentals
  C) 20 gallons of gasoline and 5 movie rentals
  D) 15 gallons of gasoline and 8 movie rentals

Question 2

Which cost always increases as output increases?
 
  A) total cost
  B) marginal cost
  C) average total cost
  D) average fixed cost


Smiles0805

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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