02 May Question: Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, co…
Question 16 0.8 pts The combinations that a consumer can afford line, and the area underneath, contain all of the possible indifference 0 redaction O Maginot O optimization O budget constraint Question 17 0.8 pts Since two goods are subject to diminishing marginal utility, the marginal rate of substitution is O always increasing O variant constant. the inverse slope of the indifference curve. O always decreasing. Question 18 0.8 pts Utility is a balance between and factors. O economic; personal capital; labor good; bad O transitive; intransitive O production; consumption
Question 19 0.8 pts In producing a budget constraint line for combinations of staples and paper clips, which are sold by the box, a student labels the points (0,5) and (10,0) along the line. Staples occupy the vertical axis, while paper clips are situated on the horizontal axis. Therefore, boxes of staples cost twice as much as boxes of paper clips. staples cost $10. paper clips cost twice as much as boxes of staples paper clips cost $5 staples cost the same as boxes of paper clips. Question 20 0.8 pts exist(s) when a consumer is interested in consuming two goods in fixed proportions O Perfect complements Unit complements Complementary rigidity Perfect substitutes Ratio complements
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