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Author Question: For a given set of prices, two consumers choose bundles that are off the contract curve. In a ... (Read 57 times)

lak

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For a given set of prices, two consumers choose bundles that are off the contract curve. In a competitive market,
 
  A) prices will adjust until the consumers choose bundles that are on the contract curve.
  B) the indifference curves will shift back to the contract curve.
  C) the contract curve will shift to connect these bundles.
  D) no adjustments need to be made.

Question 2

A windfall profit tax imposed on oil companies would shift the firms'
 
  A) marginal tax rate.
  B) marginal cost curve.
  C) average cost curve.
  D) production function.


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Moriaki

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lak

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


debra928

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Reply 3 on: Yesterday
Gracias!

 

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