« previous next »

Author Question: The magnitude of the slope of an indifference curve is: A) called the marginal rate of ... (Read 109 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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Effects of growth rate on development. Effects of growth rate on development.
William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains. William A. Garnett, Erosion and Strip Farms, East Slope of the Tehachapi Mountains.
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
An Environmental Kuznets Curve An Environmental Kuznets Curve
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library