13. An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution ________ and the indifference curve becomes ________.(A) falls; flatter (B) falls; steeper (C)rises; flatter (D) rises; steeper

19. Which of the following statements is FALSE?(A) In the short run, a monopolist might operate even though it is incurring an economic loss but in the short run a perfectly competitive firm always shuts down if it is incurring an economic loss.(B) A monopoly can earn an economic profit in the long run but a perfectly competitive firm cannot.(C)A monopoly can set its price while a perfectly competitive firm cannot.(D) A monopoly is protected by barriers to entry while a perfectly competitive firm is not.

13. An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution and the indifference curve becomes .
(A) falls; flatter
(B) falls; steeper
(C)rises; flatter
(D) rises; steeper

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相關試卷

13. An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution ________ and the indifference curve becomes ________.(A) falls; flatter(B) falls; steeper(C)rises; flatter(D) rises; steeper

相關試題

相關試卷

13. An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution and the indifference curve becomes .
(A) falls; flatter
(B) falls; steeper
(C)rises; flatter
(D) rises; steeper