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Author Question: Measuring y on the vertical axis and x on the horizontal axis, convexity of indifference curves ... (Read 104 times)

vicotolentino

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on: Jul 1, 2018
Measuring y on the vertical axis and x on the horizontal axis, convexity of indifference curves implies that the MRS of y for x
 
  A) is decreasing as x increases.
  B) is increasing as x increases.
  C) is constant as x increases.
  D) cannot be calculated for large levels of x.

Question 2

Convexity of indifference curves implies that consumers are willing to
 
  A) give up more y to get an extra x the more x they have.
  B) give up more y to get an extra x the less x they have.
  C) settle for less of both x and y.
  D) acquire more x only if they do not have to give up any y.
Microeconomics ¦ Perloff ¦ 8th Edition
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Bsand8

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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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vicotolentino

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
Excellent

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