An indifference curve shows

A) the combinations of goods that a consumer does not like very much.
B) the combinations of goods that generate the same ratio of marginal utilities.
C) the set of consumption alternatives that yield the same amount of total utility.
D) the set of consumption alternatives that yield the same amount of marginal utility.


Answer: C

Economics

You might also like to view...

Based on this figure, if an exchange rate of $0.09 dollars per Norwegian krone is maintained, the Norwegian government will gain (in dollar) ________ worth of international reserves per period. 

A. 495 B. 5,500 C. 220 D. 605

Economics

A majority of the commercial banks in the United States are not members of the Fed

a. True b. False Indicate whether the statement is true or false

Economics

Assuming the economy is experiencing a recessionary gap, classical economists predict that:      

A. wages will remain fixed. B. monetary policy will sell government securities. C. higher wages will shift the short-run aggregate supply curve leftward. D. lower wages will shift the short-run aggregate supply curve rightward.

Economics

Asset price inflation occurs when the prices of assets rise.

Answer the following statement true (T) or false (F)

Economics