Microeconomics
Why does having more of one good not increase satisfaction in the case of perfect complements?
How do indifference curves for perfect complements reflect consumer preferences?
What is a limitation of using perfect substitutes in economic models?
How do indifference curves for perfect substitutes differ from those for perfect complements?
Which of the following pairs of goods are most likely to be perfect complements?
In the case of perfect complements, why does having more of one good not increase satisfaction?
If a consumer is indifferent between 3 \$5 bills and 1 \$15 bill, what is the marginal rate of substitution?
If a consumer is indifferent between 8 \$5 bills and 4 \$10 bills, what is the marginal rate of substitution?
If a consumer is indifferent between 6 \$5 bills and 3 \$10 bills, what is the marginal rate of substitution?