Multiple Choice
If the MU/P ratio for two goods is the same, then
A) the slope of the budget constraint between the two goods is equal to the marginal rate of substitution (MRS) between the two goods.
B) the indifference curve between the two goods is concave to the origin.
C) the prices of the two goods are the same.
D) it follows that consumers prefer fewer goods to more goods.
E) a and c
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Don receives 100 utils from consuming two
Q3: Exhibit 20-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-5
Q4: Research presented in the textbookbook shows that
Q5: Consumers tend to equate total utilities per
Q6: Exhibit 20-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-4
Q7: Exhibit 20-2<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-2
Q8: A person is said to be in
Q9: Exhibit 20-2<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-2
Q10: Suppose Will receives 190 utils from consuming
Q11: Consumer equilibrium exists when an individual<br>A)can be