The slope of a consumer’s indifference curve between two commodities represents
A. her marginal rate of substitution between the commodities.
B. the relative prices of the goods.
C. her marginal revenue from selling the commodities.
D. her marginal revenue product from consuming the commodities.
Answer: A
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The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a ________ mandate
A) primary B) dual C) secondary D) hierarchical
A larger controversy of the financial crisis among both members of Congress and the general public had to do with the Fed's expanded role in the economy
a. True b. False
In Figure 30.2, a minimum wage of $20 will result in a
A. Shortage of 160 workers. B. Shortage of 180 hours. C. Surplus of 20 workers. D. Surplus of 32 workers.
Three basic decisions must be made by all economies. What are they?
What will be an ideal response?