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Economics
About this Free Flashcard Deck
Last update by
jillianprice08
on 11/02/2009
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Economics
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Flashcard Deck Tags
Chapter 8
,
Economics
Flashcard Review
20
a marginal utility curve with a ...
21
an indifference curve is
22
the marginal rate of substitution ...
23
to find where you maximize utility ...
24
true or false When choosing between two ...
25
Why, for inferior goods, when price ...
26
the theory of bounded rationality ...
27
a focal point equilibrium is an ...
28
economists' theory of choice assumes:
29
the equilibrium is where the ...
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Free Flashcard From Economics
Question:
a marginal utility curve with a negative slope indicates that
Answer:
the law of diminishing marginal utility is in play