Along an indifference curve,
A) the marginal utility of all items is equal.
B) the total satisfaction is the same.
C) the prices of all goods are equal.
D) the marginal utility/price ratios of all items are equal.
Answer: B
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The size of a corporation, as measured by stockholders' equity, depends primarily upon
A) current net revenue. B) people's expectations of future earnings. C) the amount of capital invested in the corporation. D) total sales (in dollar terms).
In the above figure, new expectations of booming business conditions and a higher expected profit will
A) shift the demand for loanable funds curve leftward. B) shift the demand for loanable funds curve rightward. C) have no effect on the demand for loanable funds curve. D) make the demand for loanable funds curve become horizontal.
Explain the conditions that are met when a consumer has found the best affordable combination of goods to buy. (Use the terms budget line, marginal rate of substitution, and relative price in your explanation.)
What will be an ideal response?
The general form of the production function used in Chapter 10 is
A) Y = A + F(K, N). B) Y = A - F(K, N). C) Y = AF(K, N). D) Y = A/F(K, N).