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Other Fields Homework Help Economics Topic started by: corie on Oct 24, 2017



Title: Which of the following statements is not true?
Post by: corie on Oct 24, 2017
Which of the following statements is not true?
A) If tea and coffee are perfect substitutes in your consumption, then you will only consume the good with the lowest price.
B) If tea and coffee are perfect substitutes in your consumption, then you will consume some quantity of both goods if the prices of tea and coffee are equal.
C) You view coffee and donuts as perfect complements, and the corners of your indifference curves follow the 45-degree line.  As long as your income and the prices of coffee and donuts are positive, you will not choose a corner solution.
D) You view coffee and donuts as perfect complements, and the corners of your indifference curves follow the 45-degree line.  You will consume coffee and donuts at some point along the 45-degree line where your MRS equals the price ratio for the two goods.


Title: Re: Which of the following statements is not true?
Post by: Canih on Oct 24, 2017
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Title: Re: Which of the following statements is not true?
Post by: hbvieb on Sep 15, 2018
thank you


Title: Re: Which of the following statements is not true?
Post by: Healine Nguyen on Dec 9, 2020
thank you