54.If two goods are perfect complements,then
A) the marginal rate of substitution is constant.
B) the indifference curves are straight lines.
C) the indifference curves are "L-shaped."
D) both a) and b) are true.

Question

Quizplus · Accepted Answer

Perfect complements have "L-shaped" indifference curves because the goods are consumed in fixed proportions, and additional units of one good do not increase utility unless accompanied by additional units of the other good.

54.If Two Goods Are Perfect Complements,then