Jodie has indifference curves for CDs and colas, with CDs on the vertical axis. The flatter her indifference curves are, the
A) smaller her average rate of substitution.
B) larger her average rate of substitution.
C) smaller her marginal rate of substitution.
D) larger her marginal rate of substitution.
C
Economics
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The amount of government expenditures on a project or program should continue to increase for as long as the marginal benefits exceed the marginal costs
a. True b. False Indicate whether the statement is true or false
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Calculate the present value of an asset worth $2,000 four years from now if the interest rate is 6 percent
A. $2,480. B. $2,524.95. C. $1,584.19. D. $1,520.
Economics