Moving down along an indifference curve: a. total utility ...

[acc299]

Moving down along an indifference curve:
 a. total utility remains constant.
 b. total utility decreases.
 c. total utility increases.
 d. total utility first decreases and then increases.

Question 2

The labor market is in equilibrium when:
 a. the demand curve lies above the supply curve.
  b. both demand and supply curves are positively sloped.
  c. both demand and supply curves are negatively sloped.
  d. the demand curve intersects the supply curve.
  e. the demand curve is negatively sloped but the supply curve is positively sloped.

[phuda]

Answer to Question 1

a

Answer to Question 2

d

[acc299]

Thanks for the timely response, appreciate it

[rachel]

Excellent