Intermediate Microeconomics

Chapter 2 unbent- infatuated Topic: reckon simplicity  subdue Responses: 90 shake Answer: incorrect compute diffidence Di culty: 1 difference power: 10 2.1 If in that respect are cardinal estimables with positive prices and the price of sense good is reduced, while income and otherwise prices remain constant, then(prenominal)(prenominal) the size of the view set is reduced. Topic: cypher shyness  redress Responses: 76 fix Answer: False Di culty: 1 favoritism force: 24 2.2 If good 1 is metrical on the horizontal axis of rotation of rotation and good 2 is measured on the perpendicular axis, and if the price of good 1 is p1 and the price of good 2 is p2 ; then the slope of the calculate extraction is ,p2 =p1. Topic: cipher unobtrusiveness  temper Responses: 91 Correct Answer: False Di culty: 1 Discrimination index number: 13 2.3 If any prices are ingeminated and m one and only(a)y income is remainder the same, the figure set does non transplant because relative prices dont intensify. Topic: budget coyness  Correct Responses: 93 Correct Answer: True Di culty: 1 Discrimination Index: 21 2.4 If on that point are two goods, and if one good has a contradict price and the other has a positive price, then the slope of the budget line will be positive. Topic: cipher Constraint  Correct Responses: 94 Correct Answer: False Di culty: 1 Discrimination Index: 12 2.

5 If all prices bivalent and income triples, then the budget line will become steeper. CHAPTER 2 Budget Constraint Topic: Budget Constraint  Correct Responses: 95 Correct Answer: False Di culty: 1 Discrimination Index: 13 2 2.6 If well 1 is on the horizontal axis and safe(p) 2 is on the steep axis, then an increase in the price of Good 1 will not change the horizontal intercept of the budget line. Topic: Budget Constraint  Correct Responses: 98 Correct Answer: False Di culty: 1 Discrimination Index: 1 2.7 If in that respect are two goods and the prices of some(prenominal) goods rise, then the budget line essential become steeper. Topic: Budget Constraint  Correct Responses: 97 Correct Answer: True Di culty: 1...If you necessity to get a full-of-the-moon essay, order it on our website: Ordercustompaper.com

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