A curve where every combination of the two goods being considered yields the same level of satisfaction is known as
A) a marginal utility curve.
B) a total utility curve.
C) an indifference curve.
D) a budget constraint.
Answer: C
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What is the central role of financial intermediaries in a market economy?
A) keeping the price level stable B) bringing together savers and borrowers C) providing safe deposit boxes for people and businesses D) the creation and printing of money
Use the above figure. If a commission regulates the above monopoly using fair-return (average cost pricing), then the industry's output will be ________ and the product's price will be ________
A) Q1; P1 B) Q2; P3 C) Q3; P2 D) Q4; P1
In the above diagram, total product will be at a maximum at:
A. Q2 units of labor B. Q3 units of labor C. Q1 units of labor D. some point that cannot be determined with the above information.
Suppose that for several periods the aggregate demand and supply curves have been intersecting at the same point, and at full employment. Then the central bank increases money growth as a result of an announced policy change
Under the assumption of adaptive expectations the likely short-run result is __________ output and __________ price level. A) rising; a rising B) rising; an unchanged C) unchanged; a rising D) unchanged; an unchanged