« previous next »

Author Question: If an individual's utility function is quasi-concave, his or her MRS will: a. diminish as x is ... (Read 27 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
If an individual's utility function is quasi-concave, his or her MRS will:
 a. diminish as x is substituted for y.
  b. increase as x is substituted for y.
  c. be undefined except in special cases.
  d. always depend only on the ratio of x to y.

Question 2

Buyers anticipate that the temporary warehouse seller of unbranded computer equipment will
 a. deliver high quality products consistent with expectations
  b. not attempt to establish any warranty enforcement mechanisms
  c. offer several prices and qualities
  d. produce only one quality
  e. none of the above


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Structure and function of phage T4 Structure and function of phage T4
Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Transformation of Exponential Function Transformation of Exponential Function
Trigonometric Function Question Trigonometric Function Question
Thyroid Function Thyroid Function
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library