A(n) _________________ MRS would result in a community indifference curve that is __________ to the origin.
A) increasing,convex
B) declining,convex
C) constant,concave
D) declining,concave
Correct Answer:
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Q2: What is another name for the opportunity
Q3: What is given by the absolute value
Q4: Community indifference curves are _ sloped and
Q5: The tastes or demand preferences of a
Q6: Nations will have different production possibilities frontiers
Q7: When countries engage in international trade,specialization tends
Q8: A(n)_ opportunity cost in production is reflected
Q9: Community indifference curves can never _.
A)be negatively
Q10: The _ of X for Y in
Q11: The marginal rate of transformation (MRT)of X
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