Multiple Choice
Suppose that MRSx, .
A) The consumer is willing to substitute 10 units of for 1 unit of to leave utility unchanged.
B) The consumer is willing to substitute 10 units of for 1 unit of to leave utility unchanged
C) Regardless of prices, the consumer will consume only y
D) Regardless of prices, the consumer will consume only x
Correct Answer:

Verified
Correct Answer:
Verified
Q2: John tends to order pizza once or
Q3: Which of the following statements is false?<br>A)Marginal
Q4: The assumption that preferences are complete requires
Q5: If two goods are perfect substitutes, then
Q6: Marginal utility is the slope of total
Q8: Cardinal utility gives us information about which
Q9: Which of the following utility functions
Q10: Diminishing marginal utility and increasing total utility
Q11: If marginal utility is diminishing, then total
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