Indifference curves are drawn on a diagram with the
A) price of a good on the vertical axis and its quantity on the horizontal axis.
B) price of one good on the vertical axis and the price of another good on the horizontal axis.
C) quantity of a good on the vertical axis and its price on the horizontal axis.
D) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.
Question 2
Which of the following is NOT an assumption of marginal utility theory?
A) People derive utility from their consumption.
B) More consumption yields more total utility.
C) Marginal utility diminishes with more consumption.
D) Utility can be measured and the units of utility are precisely defined.
Diagram of the interior of Uranus
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
Diagram of a neuron.
Cooperative vs. noncooperative O2-binding curves
Right lateral view showing low normal curves of the vertebral column