If your marginal rate of substitution between two goods diminishes continuously as you give up one good for the other, that means the
A) price per unit of one good declines when you buy it in larger and larger quantities.
B) two goods are perfect substitutes.
C) two goods are perfect complements.
D) two goods are neither perfect substitutes nor perfect complements.
D
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If the growth rate of the money supply were 4% and the growth rate of the velocity of money were 2%, then which of the following could be a point on the aggregate demand curve?
A. Inflation of 3% and real growth of 3% B. Inflation of 6% and real growth of 6% C. Inflation of 4% and real growth of 4% D. Inflation of 2% and real growth of 2%
A cost of reengineering programs is that they change:
A. the measures used to evaluate high-level executives. B. the external market forces as well as the organizational architecture. C. decision rights but not performance-evaluation systems. D. performance-evaluation systems but not decision rights.