An indifference curve is convex to the origin because
A) of the law of diminishing marginal utility.
B) more is better.
C) of the law of diminishing returns.
D) preferences remain constant.
E) consumers have a limited income.
Correct Answer:
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Q22: Which of the following describes moral hazard?
A)
Q23: Moral hazard create costs for insurance companies
Q24: Insurance companies can reduce the moral hazard
Q25: An indifference curve is
A) the
Q26: Assume Diana buys sweatshirts and T- shirts.
Q28: As long as indifference curves are convex
Q29: Which of the following is not a
Q30: Which of the following is not true
Q31: Consider two makes of car: A and
Q32: Which of the following is not an
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