Refer to the information provided in Figure 6.13 below to answer the question(s) that follow. Figure 6.13Refer to Figure 6.13. Assume Megan has two products available, pizza and hamburgers. Megan must be compensated with more hamburgers as she gives up more pizzas. The curve in Panel ________ represents her indifference curve.

A. A
B. B
C. C
D. D

Answer: B

Economics

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A normal good is one for which

A) demand increases as income increases. B) demand increases as income decreases. C) the demand curve is horizontal. D) demand increases as the price of a substitute increases.

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The corporate tax applies to firms’ total revenues.

Answer the following statement true (T) or false (F)

Economics