Using gabriels budget line and his indiference curves between horseback riding lessons and baseball lessons, and then changing the prices of each activity holding his income constant, which of the following can be derived?
a. demand curve
b. net gain
c. supply curve
d. marginal benefit
Ans: a. demand curve
Economics
You might also like to view...
When will new firms enter a perfectly competitive market? When does entry stop?
What will be an ideal response?
Economics
Expenditures for attending college can be viewed as an investment in human capital
a. True b. False Indicate whether the statement is true or false
Economics
The Federal Reserve System consists of ________ Federal Reserve Banks.
A. 8 B. 10 C. 12 D. 14
Economics
Which of the following is not a function of the Federal Reserve System?
a. Supervising the banking system. b. Deciding the maximum interest rates banks can charge for loans. c. Clearing checks. d. Acting as a bank for banks. e. Dealing with financial crises.
Economics