Multiple Choice
54.If two goods are perfect complements,then
A) the marginal rate of substitution is constant.
B) the indifference curves are straight lines.
C) the indifference curves are "L-shaped."
D) both a) and b) are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The assumption that preferences are complete requires
Q4: Identify the truthfulness of the following statements.
Q10: Assume that a consumer prefers watching Yu-Gi-Oh
Q36: The assumption that preferences are transitive requires
Q38: Which of the following utility functions is
Q41: Which of the following utility functions is
Q43: Which of the following utility functions is
Q48: Indifference curves that intersect are said to
Q85: Marginal utility:<br>A)is the ratio of total utility
Q88: Which of the following statements best explains