Economics 3030 Study Guide - Midterm Guide: Quarter Pounder, Indifference Curve, Demand Curve
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Microeconomics Four-part multiple choice question with an explanation. Give a short explanation for each part regarding how your answer is computed or why your answer is correct.
Part A. |
Para mi volunteers at a homeless shelter. It takes a lot of her time, and thus she sometimes takes off time from her job to do the volunteer work. Parami's behavior can be explained by: |
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Ā |
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Part B. |
Indifference curves cannot be concave to the origin because: |
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Ā |
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Part C. |
Marginal utility analysis and indifference curve analysis are both used to: |
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Ā |
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Part D. |
Indifference curves: |
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Ā |
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