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Author Question: The more closely substitutable are two goods, the A) more normal looking is the indifference ... (Read 61 times)

faduma

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The more closely substitutable are two goods, the
 
  A) more normal looking is the indifference curve for the two items.
  B) more closely the indifference curve for these two items approximates a straight line.
  C) more tightly curved is the indifference curve for these items.
  D) None of the above answers is correct.

Question 2

Betty consumes only milkshakes and sandwiches and maximizes her total utility. Suppose that the prices of a milkshakes and sandwiches both double and at the same time Betty's income doubles.
 
  Betty buys ________ sandwiches and her marginal utility from sandwiches ________. A) more; increases
  B) fewer; decreases
  C) more; decreases
  D) the same number of; remains the same



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sarajane1989

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Answer to Question 1

B

Answer to Question 2

D




faduma

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Reply 2 on: Jun 29, 2018
:D TYSM


kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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