Explain why indifference curves have the following properties: (a) downward slope (b) convex to the origin (c) higher curves reflect higher utility (d) non-intersecting
What will be an ideal response?
(a) Compensation required for the loss of any one good from the bundle
(b) Bundles with balanced quantities are preferred
(c) More is preferred to less
(d) Maintenance of transitivity of preferences
Economics
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Corporations are legally owned by their board of directors
Indicate whether the statement is true or false
Economics
In 2013, plowback accounted for approximately ____ of corporate financing while new stock sales accounted for approximately ____
a. $2 trillion; $384 billion b. $65 billion; $1 trillion c. $1 trillion; negative $65 billion d. negative $65 billion; $1 trillion
Economics