Questions by Mark Hobson

Questions by Mark Hobson

If Mux/Px < MUy/Py, then A. Spending a dollar less on Y and a dollar more on X increases utility B. Spending a dollar less on X and a dollar more on Y increases utility C. The substitution effect will increase the quantity of the good demanded while the income effect t will decrease the quantity of the good demanded D. The substitution effect will decrease the quantity of the good demanded while the income effect will increase the quantity of the good demanded

asked Mar 25, 2021

1 answer

4 votes

222k views

What is the length of line ab?

asked Jan 15, 2021

1 answer

3 votes

182k views

Which of the statements about the inequality graphed here is INCORRECT? A) The slope is negative B) The inequality is y < -x + 2 C) (2,1) falls in the shaded region D) The dotted line has the equation y = -x + 2

asked Jul 6, 2020

1 answer

5 votes

213k views

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