On the contract curve the ______ for both consumers are the same
Fill in the blank(s) with the appropriate word(s).
Ans: MRS
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Economists refer to the conflict between the interests of shareholders and the interests of top management as
A) a stock-equity problem. B) a liability problem. C) a financial intermediary problem. D) a principal-agent problem.
Which of the following are legal tender?
a. A check b. A Federal Reserve note c. A bank note issued by a private bank d. A credit card e. A traveler's check
A perfectly competitive firm and a monopolistically competitive firm are similar in each of the following respects except
a. each has many buyers and sellers. b. firms sell homogeneous products in both markets. c. in having perfect information. d. for freedom of exit and entry.
In the markets for factors of production in the circular-flow diagram,
a. households provide firms with labor, land, and capital. b. households provide firms with savings for investment. c. firms provide households with goods and services. d. firms provide households with revenue.