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Author Question: If a person's indifference curves can be represented as a straight line, the person views the goods ... (Read 50 times)

student77

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on: Jul 1, 2018
If a person's indifference curves can be represented as a straight line, the person views the goods as
 a. perfect substitutes
  b. perfect complements
  c. complements (but not perfect)
  d. substitutes (but not perfect)

Question 2

The efficient transfer price is
 a. the upstream division's average cost
  b. the upstream division's marginal cost
  c. the downstream division's average cost
  d. the downstream division's marginal cost


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vseab

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


student77

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  • Posts: 567
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

DylanD1323

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  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

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