menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 10
  4. Exam
    Exam 21: The Theory of Consumer Choice
  5. Question
    When Economists Describe Preferences, They Often Use the Concept of
Solved

When Economists Describe Preferences, They Often Use the Concept of

Question 77

Question 77

Multiple Choice

When economists describe preferences, they often use the concept of


A) markets.
B) income.
C) utility.
D) prices.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: Assume that a college student purchases only

Q72: Jake experiences an increase in his wages.

Q74: Figure 21-3<br>In each case, the budget constraint

Q75: As long as a consumer remains on

Q76: Figure 21-31 The figure shows two indifference

Q78: A consumer<br>A)is equally satisfied with any indifference

Q79: Figure 21-31 The figure shows two indifference

Q80: Figure 21-5<br>(a)<br>(b) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-5 (a)

Q82: As more units of an item are

Q142: The marginal rate of substitution is the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines