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Author Question: A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in ... (Read 102 times)

torybrooks

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on: Jul 1, 2018
A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will
 
  A) increase.
  B) decrease.
  C) stay the same.
  D) change, but there is not enough information to know how.

Question 2

If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
 
  A) The budget line rotates inward from the intercept on the axis of the good that did not change in price.
  B) The budget line rotates outward from the intercept on the axis of the good that did not change in price.
  C) The budget line shifts outward without a change in slope.
  D) Nothing.
Microeconomics ¦ Perloff ¦ 8th Edition
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zhanghao

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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torybrooks

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

mammy1697

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Reply 3 on: Yesterday
Excellent

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