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

Author Question: Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of ... (Read 33 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of substitution?
 
  A) It is diminishing.
  B) It is positive but varies along the indifference curve.
  C) It is constant.
  D) It is zero.

Question 2

Which of the following are examples of perfectly competitive markets?
 
  A) Wheat
  B) Textiles
  C) Gold
  D) The stock market
  E) all 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

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


RRMR

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 1, 2018
Thank you


mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
The Rate Law The Rate Law
Temperature Changes on Heart Rate Temperature Changes on Heart Rate
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library