This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If X and Y are perfect substitutes, which of the following assumptions about indifference curves is ... (Read 41 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
If X and Y are perfect substitutes, which of the following assumptions about indifference curves is not satisfied?
 
  A) Completeness
  B) Transitivity
  C) More is preferred to less
  D) Diminishing MRS
  E) none of the above (All of the above assumptions are satisfied.)

Question 2

The constant dollar price is:
 
  A) the real price of a good.
  B) the nominal price of a good adjusted for inflation.
  C) the current dollar price adjusted for inflation.
  D) all of the above
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Comparison of the titration curves of three weak acids Comparison of the titration curves of three weak acids
Blackbody Curves Blackbody Curves
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Species-area curves Species-area curves
Foods made with fat substitutes aren’t calorie free Foods made with fat substitutes aren’t calorie free
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library