Indifference curves have a bowed-out shape because of diminishing marginal utilities
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to Scenario 14.1. Marco and Lisette decide to help each other out and agree to split any medical bills from their doctor
With this new arrangement, Marco's dominant strategy is to schedule ________, and Lisette's dominant strategy is to schedule ________, A) 1 visit; 1 visit B) 1 visit; 2 visits C) 2 visits; 1 visit D) 2 visits; 2 visits
Unlike the market process, in the political market it is possible for some individuals to receive very large benefits from the political process without any significant impact on their tax bills
Indicate whether the statement is true or false
Which of the following is a consequence of extended unemployment?
a. greater output per person b. lost tax revenue c. lower minimum wage d. increased efficiency wage
Which one of these statements is true?
A. Most of the largest U.S. corporate mergers and acquisitions have occurred since 1995. B. There is no discernable trend toward corporate bigness. C. Conglomerate mergers are all vertical mergers. D. In general, the deregulation of the airlines industry has led to higher costs and higher prices.