Foundations of economics 6th by parkin ch13 appendix clicker questions

Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem Appendix: Indifference Curves 13 CLICKER QUESTIONS © 2011 Pearson Education Click Clickon onthe thebutton buttontotogo gototothe theQuestion problem Appendix Checkpoint Question Question 11 Question Question 22 Question Question 33 Question Question 44 Question Question 55 APPENDIX CHECKPOINT Question Adam’s indifference curve shows the combinations of goods which Adam _ A B C D E prefers over all other combinations places equal value on can afford to buy says are equally acceptable to him believes have the same marginal rate of substitution APPENDIX CHECKPOINT Question Any combination on a higher indifference curve A costs more than any combination on a lower indifference curve B is preferred to those on any lower indifference curve C costs less than any combination on a lower indifference curve D is less preferred to those on lower indifference curves E might be more, less, or equally preferred to any combination on a lower indifference curve APPENDIX CHECKPOINT Question The marginal rate of substitution for the good is _ A equal to the consumer surplus B the same as the consumer’s relative price of the good C equal to the magnitude of the slope of the indifference curve D equal to the magnitude of the slope of the budget line E equal to 1.0 if the indifference curve is linear APPENDIX CHECKPOINT Question At her best affordable point, Kris i is on her budget line ii is on the highest attainable indifference curve iii has a marginal rate of substitution equal to the relative price A i only B ii only C iii only D i and ii E i, ii, and iii APPENDIX CHECKPOINT Question When the consumer with the indifference map in the figure buys more DVDs, the marginal rate of substitution is of movies for DVDs A B C D E remains the same increases decreases might increase or decrease equals the relative price of a DVD ... marginal rate of substitution for the good is _ A equal to the consumer surplus B the same as the consumer’s relative price of the good C equal to the magnitude of the slope of the indifference... DVDs, the marginal rate of substitution is of movies for DVDs A B C D E remains the same increases decreases might increase or decrease equals the relative price of a DVD ...Appendix: Indifference Curves 13 CLICKER QUESTIONS © 2011 Pearson Education Click Clickon onthe thebutton buttontotogo gototothe theQuestion