Total utility is constant along a given indifference curve

Indicate whether the statement is true or false


TRUE

Economics

You might also like to view...

Referring to Table 12.2, if the nominal interest rate is 9.5 percent and there is no inflation, which investments will be undertaken?

A) E and D B) E C) C, D, E D) none of the above

Economics

Describe the argument that education generates a positive externality. Why might this externality not be relevant in terms of economic efficiency?

What will be an ideal response?

Economics

One reason for the huge investment by China into the US economy is the:

A. the desire of China to ‘sink’ the US economy. B. Chinese investors view that US investments are less stable. C. large savings rate in China that encourage capital outflow. D. low savings rate in China which makes the cost of borrowing very low in China.

Economics

For economists, the word "utility" means:

A.  versatility and flexibility.
B.  rationality.
C.  pleasure or satisfaction.
D.  purposefulness.

Economics