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Author Question: Homogeneous goods are ________. A) perfect complements B) perfect substitutes C) similar but ... (Read 135 times)

itsmyluck

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on: Jun 29, 2018
Homogeneous goods are ________.
 
  A) perfect complements
  B) perfect substitutes
  C) similar but not identical
  D) always inferior

Question 2

Refer to the figure above. In comparison to the bundles on IC1, the bundles on IC3:
 
  A) give the same level of utility and are affordable.
  B) give the same level of utility but are not affordable.
  C) give a higher level of utility and are affordable.
  D) give a higher level of utility but are not affordable.


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xMRAZ

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


itsmyluck

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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