Author Question: If a market basket is changed by adding more of at least one good, then rational consumers will: ... (Read 27 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 highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library