What happens to the marginal rate of substitution as you move down along a convex indifference curve? along a convex indifference curve, the marginal rate of substitution / increases / is constant).
what happens to the marginal rate of substitution as you move along a linear indifference curve? along a linear indifference curve, the marginal rate of substitution / increases / is constant).

Molander corporation is a distributor of a sun umbrella used at resort hotels. data concerning the next month’s budget appear below: selling price per unit $ 29 variable expense per unit $ 14 fixed expense per month $ 12,450 unit sales per month 980 required: 1. what is the company’s margin of safety? (do not round intermediate calculations.) 2. what is the company’s margin of safety as a percentage of its sales? (round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases