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eliten55 eliten55
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11 years ago
In terms of indifference curves, an increase in total utility is represented by a:
A)  shift to the right to a higher indifference curve.
B)  shift to the left to a lower indifference curve.
C)  movement upward along an indifference curve.
D)  movement downward along an indifference curve.


Consumers generally try to obtain:
A)  a point of intersection between indifference curves.
B)  any budget line/indifference curve intersection.
C)  the highest indifference curve.
D)  the lowest indifference curve.


If the price of a good rises, the resulting decrease in the quantity purchased will increase the marginal utility of the good.
True or False
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wrote...
Valued Member
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11 years ago
1. A
Source: http://quizlet.com/8474051/econ-exam-2-flash-cards/
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wrote...
11 years ago
C)  the highest indifference curve.

True
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