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Author Question: Which of the following can act as a substitute for information? a. Social networking b. Knowledge ... (Read 18 times)

natalie2426

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on: Jun 30, 2018
Which of the following can act as a substitute for information?
 a. Social networking
  b. Knowledge gathered through past experience
  c. Ability to postpone a choice
  d. Forecasts and predictions

Question 2

An increase in income _____.
 a. makes the budget line flatter
  b. makes the budget line steeper
  c. makes the consumer worse off
  d. makes the consumer achieve a higher level of utility
  e. makes the consumer more selfish


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al

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

d


natalie2426

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shewald78

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

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