« previous next »

Author Question: The magnitude of the slope of an indifference curve is: A) called the marginal rate of ... (Read 110 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
The magnitude of the slope of an indifference curve is:
 
  A) called the marginal rate of substitution.
  B) equal to the ratio of the total utility of the goods.
  C) always equal to the ratio of the prices of the goods.
  D) all of the above
  E) A and C only

Question 2

Suppose the price of crude oil is 95 per barrel in New York and 85 per barrel in Texas, and the transaction costs for trading between the two markets are 15 per barrel. What actions should you take to arbitrage this price difference?
 
  A) Buy oil in Texas and sell oil in NY
  B) Sell oil in Texas and buy oil in NY
  C) Buy oil in both markets and wait for higher prices
  D) Do not buy or sell oil in either market


diana chang

  • Sr. Member
  • ****
  • Posts: 288
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
How to find the slope of a line using any two points How to find the slope of a line using any two points
Titration curve for aspartic acid Titration curve for aspartic acid
Bacteria growth curve Bacteria growth curve
Video: PET Scan Animation

For a complete list of videos, visit our video library