Author Question: As a consumer moves along an indifference curve and decreases consumption of the good on the x-axis, ... (Read 100 times)

burton19126 · **on:** Jun 29, 2018

As a consumer moves along an indifference curve and decreases consumption of the good on the x-axis, the consumer needs ________ of the good on the y-axis to give up an additional unit of the good on the x-axis.

A) less and less
B) more and more
C) none
D) a constant amount

Question 2

Jeremiah spends all of his income on oranges and cookies, which are normal goods. If Jeremiah's income decreases, he will buy ________ oranges and ________ cookies.

His marginal utility from oranges will ________ and his marginal utility from cookies will ________. A) fewer; fewer; decrease; increase
B) more; more; decrease; decrease
C) the same quantity of; fewer; remain constant; decrease
D) fewer; fewer; increase; increase