« previous next »

Author Question: Along a consumer's demand curve, price reflects a. the costs of production b. the dollar value of ... (Read 49 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Along a consumer's demand curve, price reflects
 a. the costs of production
  b. the dollar value of the total utility from the good
  c. the dollar value of the marginal utility of each additional unit of the good
  d. the maximum quantity that could be purchased, given income
  e. non-rational decision making

Question 2

The law of demand states that
 a. quantity demanded is inversely related to price
  b. quantity demanded is directly related to income
  c. marginal utility is inversely related to quantity consumed
  d. total revenue is directly related to price
  e. demand curves are linear


Anna

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Stem Cell Production Stem Cell Production
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Rapidly decreasing sequence costs have enabled the rapid expansion Rapidly decreasing sequence costs have enabled the rapid expansion
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library