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Author Question: Suppose sugar and artificial sweeteners are perfect substitutes for Sam. Her indifference curves for ... (Read 105 times)

silviawilliams41

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on: Jul 1, 2018
Suppose sugar and artificial sweeteners are perfect substitutes for Sam. Her indifference curves for those two goods would be
 
  A) downward-sloping and convex to the origin.
  B) downward-sloping and straight lines.
  C) L-shaped.
  D) downward-sloping and concave to the origin.

Question 2

According to the table above, transportation equipment production exhibits
 
  A) decreasing returns to scale.
  B) constant returns to scale.
  C) increasing returns to scale.
  D) varying returns to scale.


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peilian

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


silviawilliams41

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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