Author Question: If a market basket is changed by adding more of at least one good, then rational consumers will: ... (Read 14 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
If a market basket is changed by adding more of at least one good, then rational consumers will:
 
  A) rank the market basket more highly after the change.
  B) more likely prefer a different market basket.
  C) rank the market basket as being just as desirable as before.
  D) be unable to decide whether the first market basket is preferred to the second or vice versa.
  E) have indifference curves that cross.

Question 2

The trade-offs facing consumers include:
 
  A) how to allocate income across goods and serves.
  B) how to allocate income between consumption and savings.
  C) both A and B
  D) none of the above



ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

For a complete list of videos, visit our video library