You view tea and scones as perfect complements, and the corners of the indifference curves lie on the 45-degree line. Tea is plotted along the horizontal axis of the indifference map
Also, at your current point of consumption, you have not fully exhausted the available budget, and you consume more tea than scones. Based on this information, which of the following statements is NOT true? A) The marginal utility of tea equals zero for your current consumption bundle.
B) The marginal utility of scones equals zero for your current consumption bundle.
C) To reach the point of optimal consumption, you must increase your scone consumption.
D) The equal marginal principle does not have to be satisfied at the optimal consumption point for this problem.
B
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A decrease in the supply of a good will result in a rightward shift in the demand curve for the good
a. True b. False Indicate whether the statement is true or false
Macroeconomists are more likely than microeconomists to deal with:
A. individual firms B. the scarcity principle C. aggregation D. positive analysis