An indifference curve diagram has movies on the vertical axis and sodas on the horizontal
As the consumption of sodas increases and movies decreases (moving southeast along an indifference curve) the marginal rate of substitution of sodas for movies A) rises.
B) falls.
C) does not change.
D) probably changes, but more information is needed to determine if it rises or falls.
B
You might also like to view...
________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
Refer to the above table. If opportunity costs are constant and the two countries trade
A) the United States should specialize in computers and Mexico in bicycles. B) the United States should specialize in bicycles and Mexico in computers. C) the United States should specialize in both bicycles and computers, and Mexico should specialize in neither. D) there will be no trade because they are so different.
Walter Raleigh was an explorer from _____
a. England b. France c. Holland d. Portugal e. Spain
A common misconception about supply is that
a. supply depends on many other variables. b. price is a major determinant of quantity. c. it is a fixed amount. d. quantity cannot be determined in advance. e. All of the above are correct.