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Author Question: An individual's demand curve: a. represents the various quantities that a consumer is willing to ... (Read 14 times)

Arii_bell

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on: Jul 1, 2018
An individual's demand curve:
 a. represents the various quantities that a consumer is willing to purchase of a good at various price levels.
  b. is derived from an individual's indifference curve map.
  c. will shift if preferences, prices of other goods, or income change.
  d. all of these answers are correct.

Question 2

Declining cost industries
 a. have upward rising AC curves.
  b. have upward rising demand curves.
  c. have -shaped total costs.
  d. have diseconomies of scale.
  e. have marginal cost curves below their average cost curve.


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phuda

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

d

Answer to Question 2

e


Arii_bell

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Reply #2 on: Jul 1, 2018
Thank you :)


phuda

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Reply #3 on: Jul 1, 2018
Happy to help you


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