Which of the following is a property of a typical indifference curve?
a. upward sloping
b. bowed away from the origin
c. does not intersect another indifference curve
d. a higher one is preferred to a lower one
d
You might also like to view...
Refer to the table shown. Marginal cost:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. decreases and then increases. B. never increases. C. increases and then decreases. D. never decreases.
The primary feature of money is that it serves as
A. barter value. B. a medium of exchange. C. intrinsic value. D. commodity value.
Refer to the information provided in Figure 26.3 below to answer the question(s) that follow.
Figure 26.3Refer to Figure 26.3. A shift from AS1 to AS0 represents a(n)
A. decrease in aggregate supply. B. decrease in aggregate quantity supplied. C. increase in aggregate quantity supplied. D. increase in aggregate supply.
The PIA is generated with a formula such that
A. high-income earners receive the same as low-income earners. B. high-income earners receive less than low-income earners. C. higher-income earners receive more money but a lower proportion of their AIME than lower-income. D. higher-income earners receive the same proportion of AIMA as low-income earners.