« previous next »

Author Question: If two goods are perfect substitutes, then the indifference curves for those two goods would be ... (Read 121 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If two goods are perfect substitutes, then the indifference curves for those two goods would be
 
  A) upward sloping and concave to the origin.
  B) downward sloping and convex to the origin.
  C) downward sloping and straight.
  D) L-shaped.

Question 2

Diminishing marginal rate of substitution can be seen when indifference curves
 
  A) cross.
  B) are convex.
  C) are downward sloping.
  D) become flatter as we move down and to the right.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

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 of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. ( Normal development of posture and spinal curves. (A) Toddler: Protruding abdomen; lumbar lordosis. (
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Perfect Circles Perfect Circles
Video: Griffith's experiments

For a complete list of videos, visit our video library