Author Question: As a consumer moves rightward along an indifference curve, the A) consumer remains indifferent ... (Read 214 times)

stock

  • Hero Member
  • *****
  • Posts: 573
As a consumer moves rightward along an indifference curve, the
 
  A) consumer remains indifferent among the different combinations of goods.
  B) consumer generally prefers the combinations of goods farther rightward along the indifference curve.
  C) income required to buy the combinations of the goods always increases.
  D) relative price of both goods falls.

Question 2

In which of the following situations is there most likely to be a monopsony?
 
  A) the market for farm workers in a large rural area
  B) the market for advertising executives in New York City
  C) the market for accountants in New York City
  D) the market for NBA players drafted out of college by one NBA team



ryrychapman11

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

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 first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library