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Author Question: If the indifference curves between two goods are L-shaped, the goods are A) complementary goods. ... (Read 116 times)

Destiiny22

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on: Jun 29, 2018
If the indifference curves between two goods are L-shaped, the goods are
 
  A) complementary goods.
  B) substitute goods.
  C) normal goods.
  D) inferior goods.

Question 2

The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. The marginal private cost when output equals 2 tons of paper per week equals
 
  A) 50 per ton
  B) 100 per ton.
  C) 150 per ton.
  D) None of the above answers is correct.


yotaSR5

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

A

Answer to Question 2

A


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