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 23 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?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Rate enhancement by entropy reduction Rate enhancement by entropy reduction
The Rate Law The Rate Law
Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers. Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers.
How to solve rate problems leading to fractional equations (Question 2) How to solve rate problems leading to fractional equations (Question 2)
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library