This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consumer equilibrium occurs at: a. the point where the indifference curve crosses the budget line ... (Read 74 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Consumer equilibrium occurs at:
 a. the point where the indifference curve crosses the budget line from below.
  b. any point of intersection between an indifference curve and the budget line.
  c. the midpoint of every indifference curve.
 d. the point of tangency between an indifference curve and the budget line.

Question 2

The marginal revenue product is:
 a. the value of all the final goods and services produced by a firm.
 b. the value that an worker contributes to a firm.
 c. an increase in the profit of a firm with an increase in the output by one unit.
  d. the output per unit of worker employed by a firm.
 e. the value that all the unskilled workers contribute to a firm.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
Dial-A-Flo in-line device to regulate IV flow. Dial-A-Flo in-line device to regulate IV flow.
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
The end of a typical line wrench, which shows that it is capable of grasping most of the head of ... The end of a typical line wrench, which shows that it is capable of grasping most of the head of ...
Dose-response curve with threshold Dose-response curve with threshold
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library