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Author Question: Indifference curves have which of the following properties? a. Higher indifference curves represent ... (Read 77 times)

strangeaffliction

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on: Jun 30, 2018
Indifference curves have which of the following properties?
 a. Higher indifference curves represent greater total satisfaction.
  b. Indifference curves are negatively sloped.
 c. Indifference curves are convex from the origin.
 d. All of the above.

Question 2

The greater the elasticity of supply of a resource the greater is its economic rent.
 a. True
  b. False
  Indicate whether the statement is true or false


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Athena23

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

d

Answer to Question 2

False


strangeaffliction

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Reply 2 on: Jun 30, 2018
Excellent

marict

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

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