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Author Question: If capital increases by two units, and MRTS is 1, then what is the MPL? A) 2 B) 1/2 C) 1 D) ... (Read 10 times)

j.rubin

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on: Jul 1, 2018
If capital increases by two units, and MRTS is 1, then what is the MPL?
 
  A) 2
  B) 1/2
  C) 1
  D) Not enough information given.

Question 2

Measuring y on the vertical axis and x on the horizontal axis, convexity of indifference curves imply that the magnitude of MRS of y for x
 
  A) is decreasing as x increases.
  B) is increasing as x increases.
  C) is constant as x increases.
  D) cannot be calculated for large levels of x.


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amit

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

D

Answer to Question 2

A


j.rubin

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Reply 2 on: Jul 1, 2018
Wow, this really help

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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