The slope of the indifference curve for goods X and Y is called the marginal:
a. product rate.
b. rate of transformation.
c. rate of substitution.
d. rate of utility.
c
Economics
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On a graph with x on the horizontal axis and y on the vertical axis, the origin is
a. the point where x = 0 and y = 0 b. any point where x = 0 c. any point where y = 0 d. where a curve intersects the vertical axis e. where a curve intersects the horizontal axis
Economics
Monopolistically competitive industries have significant barriers to entry and exit
a. True b. False Indicate whether the statement is true or false
Economics