This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The property of diminishing marginal rate of substitution implies that (Read 54 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jan 2, 2020
The property of diminishing marginal rate of substitution implies that
◦ the more current consumption the consumer has, the less future consumption she is willing to give up for one more unit of current consumption.
◦ the indifference curves are bowed away from the origin.
◦ the more current consumption the consumer has, the more future consumption she is willing to give up for one more unit of current consumption.
◦ the less current consumption the consumer has, the less future consumption she is willing to give up for one more unit of current consumption.
◦ the indifference curves have a constant slope.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Jramos095 on Jan 2, 2020

Chelseyj.hasty

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jan 2, 2020
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.
Answer Preview
Only 29% of students answer this correctly


Jramos095

  • Member
  • Posts: 528
Reply 2 on: Jan 2, 2020
Gracias!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Acceptable ranges of heart rate Acceptable ranges of heart rate
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
The diminishing effects on body weight of a low-calorie diet and a high-calorie diet. The diminishing effects on body weight of a low-calorie diet and a high-calorie diet.
How to solve a linear system by the substitution method How to solve a linear system by the substitution method
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Alzheimer's Disease

For a complete list of videos, visit our video library