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Author Question: An assumption underlying indifference curve analysis is that MUx/ MUy ________ as less of X and more ... (Read 81 times)

nelaaney

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on: Apr 19, 2019

Question 1

Assume Gloria is initially in equilibrium and that X and Y are normal goods for her. Then the price of X falls. For Gloria to move to a new equilibrium point her consumption of


◦ X must remain constant, but her consumption of Y must decrease.
◦ X must decrease.
◦ X must increase.
◦ both X and Y must decrease.

Question 2

An assumption underlying indifference curve analysis is that 
MUx/
MUy ________ as less of X and more of Y is consumed.


◦ increases
◦ decreases
◦ remains constant
◦ always equals one
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nelaaney on Apr 19, 2019

shailee

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nelaaney

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

ashely1112

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Reply 3 on: Yesterday
Excellent

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