QUESTION 11 Higher indifference curves represent: A. less utility than lower ind

Question

QUESTION 11
Higher indifference curves represent: A. less utility than lower indifference curves. B. more utility than lower indifference curves. C. the same level of utility as lower indifference curves. D. unknown levels of utility compared to lower indifference curves. 1 points    QUESTION 12
One point on a standard indifference curve is 8 cookies and 2 brownies; another is 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve? A. 4 cookies and 8 brownies B. 6 cookies and 10 brownies C. 4 cookies and 4 brownies D. 7 cookies and 6 brownies 1 points    QUESTION 13
As a consumer moves upward along an indifference curve, giving up some of X (on the horizontal axis) to get more of Y (on the vertical axis), his or her marginal rate of substitution of X for Y: A. increases. B. becomes infinite. C. goes from negative to positive. D. decreases. 1 points    QUESTION 14
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If honey is three times as expensive as sugar, LaToya will use: A. only honey. B. a lot of sugar and a little honey. C. only sugar. D. some honey and some sugar. 1 points    QUESTION 15
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If the price of honey is half that of sugar, LaToya will use: A. only sugar. B. only honey. C. a lot of sugar and a little honey. D. a lot of honey and a little sugar. 1 points    QUESTION 16
Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk. Which of the following combinations of cookies and milk will give Cookie Monster the highest total utility? A. 4 cookies and 8 ounces of milk B. 8 cookies and 16 ounces of milk C. 4 cookies and 4 ounces of milk D. 4 cookies and 16 ounces of milk 1 points    QUESTION 17
In the short run: A. all inputs are variable. B. all inputs are fixed. C. some inputs are fixed and some inputs are variable. D. all costs are variable. 1 points    QUESTION 18
In economics, the short run is defined as: A. the period in which some inputs are considered to be fixed in quantity. B. less than 6 months. C. the period in which some inputs are fixed, but it cannot exceed 1 year. D. less than 1 year. QUESTION 11
Higher indifference curves represent: A. less utility than lower indifference curves. B. more utility than lower indifference curves. C. the same level of utility as lower indifference curves. D. unknown levels of utility compared to lower indifference curves. 1 points    QUESTION 12
One point on a standard indifference curve is 8 cookies and 2 brownies; another is 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve? A. 4 cookies and 8 brownies B. 6 cookies and 10 brownies C. 4 cookies and 4 brownies D. 7 cookies and 6 brownies 1 points    QUESTION 13
As a consumer moves upward along an indifference curve, giving up some of X (on the horizontal axis) to get more of Y (on the vertical axis), his or her marginal rate of substitution of X for Y: A. increases. B. becomes infinite. C. goes from negative to positive. D. decreases. 1 points    QUESTION 14
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If honey is three times as expensive as sugar, LaToya will use: A. only honey. B. a lot of sugar and a little honey. C. only sugar. D. some honey and some sugar. 1 points    QUESTION 15
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If the price of honey is half that of sugar, LaToya will use: A. only sugar. B. only honey. C. a lot of sugar and a little honey. D. a lot of honey and a little sugar. 1 points    QUESTION 16
Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk. Which of the following combinations of cookies and milk will give Cookie Monster the highest total utility? A. 4 cookies and 8 ounces of milk B. 8 cookies and 16 ounces of milk C. 4 cookies and 4 ounces of milk D. 4 cookies and 16 ounces of milk 1 points    QUESTION 17
In the short run: A. all inputs are variable. B. all inputs are fixed. C. some inputs are fixed and some inputs are variable. D. all costs are variable. 1 points    QUESTION 18
In economics, the short run is defined as: A. the period in which some inputs are considered to be fixed in quantity. B. less than 6 months. C. the period in which some inputs are fixed, but it cannot exceed 1 year. D. less than 1 year. QUESTION 11
Higher indifference curves represent: A. less utility than lower indifference curves. B. more utility than lower indifference curves. C. the same level of utility as lower indifference curves. D. unknown levels of utility compared to lower indifference curves. 1 points    QUESTION 12
One point on a standard indifference curve is 8 cookies and 2 brownies; another is 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve? A. 4 cookies and 8 brownies B. 6 cookies and 10 brownies C. 4 cookies and 4 brownies D. 7 cookies and 6 brownies 1 points    QUESTION 13
As a consumer moves upward along an indifference curve, giving up some of X (on the horizontal axis) to get more of Y (on the vertical axis), his or her marginal rate of substitution of X for Y: A. increases. B. becomes infinite. C. goes from negative to positive. D. decreases. 1 points    QUESTION 14
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If honey is three times as expensive as sugar, LaToya will use: A. only honey. B. a lot of sugar and a little honey. C. only sugar. D. some honey and some sugar. 1 points    QUESTION 15
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If the price of honey is half that of sugar, LaToya will use: A. only sugar. B. only honey. C. a lot of sugar and a little honey. D. a lot of honey and a little sugar. 1 points    QUESTION 16
Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk. Which of the following combinations of cookies and milk will give Cookie Monster the highest total utility? A. 4 cookies and 8 ounces of milk B. 8 cookies and 16 ounces of milk C. 4 cookies and 4 ounces of milk D. 4 cookies and 16 ounces of milk 1 points    QUESTION 17
In the short run: A. all inputs are variable. B. all inputs are fixed. C. some inputs are fixed and some inputs are variable. D. all costs are variable. 1 points    QUESTION 18
In economics, the short run is defined as: A. the period in which some inputs are considered to be fixed in quantity. B. less than 6 months. C. the period in which some inputs are fixed, but it cannot exceed 1 year. D. less than 1 year. QUESTION 11
Higher indifference curves represent: A. less utility than lower indifference curves. B. more utility than lower indifference curves. C. the same level of utility as lower indifference curves. D. unknown levels of utility compared to lower indifference curves. 1 points    QUESTION 12
One point on a standard indifference curve is 8 cookies and 2 brownies; another is 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve? A. 4 cookies and 8 brownies B. 6 cookies and 10 brownies C. 4 cookies and 4 brownies D. 7 cookies and 6 brownies 1 points    QUESTION 13
As a consumer moves upward along an indifference curve, giving up some of X (on the horizontal axis) to get more of Y (on the vertical axis), his or her marginal rate of substitution of X for Y: A. increases. B. becomes infinite. C. goes from negative to positive. D. decreases. 1 points    QUESTION 14
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If honey is three times as expensive as sugar, LaToya will use: A. only honey. B. a lot of sugar and a little honey. C. only sugar. D. some honey and some sugar. 1 points    QUESTION 15
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If the price of honey is half that of sugar, LaToya will use: A. only sugar. B. only honey. C. a lot of sugar and a little honey. D. a lot of honey and a little sugar. 1 points    QUESTION 16
Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk. Which of the following combinations of cookies and milk will give Cookie Monster the highest total utility? A. 4 cookies and 8 ounces of milk B. 8 cookies and 16 ounces of milk C. 4 cookies and 4 ounces of milk D. 4 cookies and 16 ounces of milk 1 points    QUESTION 17
In the short run: A. all inputs are variable. B. all inputs are fixed. C. some inputs are fixed and some inputs are variable. D. all costs are variable. 1 points    QUESTION 18
In economics, the short run is defined as: A. the period in which some inputs are considered to be fixed in quantity. B. less than 6 months. C. the period in which some inputs are fixed, but it cannot exceed 1 year. D. less than 1 year. QUESTION 11
Higher indifference curves represent: A. less utility than lower indifference curves. B. more utility than lower indifference curves. C. the same level of utility as lower indifference curves. D. unknown levels of utility compared to lower indifference curves. 1 points    QUESTION 12
One point on a standard indifference curve is 8 cookies and 2 brownies; another is 6 cookies and 4 brownies. Which of the following combinations of cookies and brownies could lie on this indifference curve? A. 4 cookies and 8 brownies B. 6 cookies and 10 brownies C. 4 cookies and 4 brownies D. 7 cookies and 6 brownies 1 points    QUESTION 13
As a consumer moves upward along an indifference curve, giving up some of X (on the horizontal axis) to get more of Y (on the vertical axis), his or her marginal rate of substitution of X for Y: A. increases. B. becomes infinite. C. goes from negative to positive. D. decreases. 1 points    QUESTION 14
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If honey is three times as expensive as sugar, LaToya will use: A. only honey. B. a lot of sugar and a little honey. C. only sugar. D. some honey and some sugar. 1 points    QUESTION 15
LaToya sees honey and sugar as perfect substitutes. She is always willing to substitute 1 teaspoon of honey for 2 teaspoons of sugar. If the price of honey is half that of sugar, LaToya will use: A. only sugar. B. only honey. C. a lot of sugar and a little honey. D. a lot of honey and a little sugar. 1 points    QUESTION 16
Cookie Monster always consumes cookies and milk in fixed proportions: 4 cookies to 8 ounces of milk. Which of the following combinations of cookies and milk will give Cookie Monster the highest total utility? A. 4 cookies and 8 ounces of milk B. 8 cookies and 16 ounces of milk C. 4 cookies and 4 ounces of milk D. 4 cookies and 16 ounces of milk 1 points    QUESTION 17
In the short run: A. all inputs are variable. B. all inputs are fixed. C. some inputs are fixed and some inputs are variable. D. all costs are variable. 1 points    QUESTION 18
In economics, the short run is defined as: A. the period in which some inputs are considered to be fixed in quantity. B. less than 6 months. C. the period in which some inputs are fixed, but it cannot exceed 1 year. D. less than 1 year.

Explanation / Answer

11-The correct option is B.

higher IC curve represents higher utility.

12- The correct option is A

13- The correct option is A.

MRTS=change in x/ change in Y,

14- The correct option is C.

because whose price is higher ,it wll consume zero unit of that goods.

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