Author Question: The assumption that the magnitude of the slope of an indifference curve decreases moving to the ... (Read 93 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
The assumption that the magnitude of the slope of an indifference curve decreases moving to the right along the indifference curve is known as the assumption of
 
  A) the price effect.
  B) a diminishing marginal rate of substitution.
  C) an increasing marginal rate of substitution.
  D) an indifference curve effect.

Question 2

Which of the following is illegal under the Sherman Act? I. A competitor agrees with another competitor on the price at which the product will be sold. II.
 
  A manufacturer refuses to supply a retailer who does not accept the manufacturer's guidance on the price. A) only I
  B) only II
  C) both I and II
  D) neither I nor II



raenoj

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

For a complete list of videos, visit our video library