21.)Which of the four principles of indifference curves implies consumers prefer mixtures to extremes? a.) More is better than less b.) Indifference curves are downwards sloping c.) Indifference curves are bowed in d.) Indifference curves do not cross 22.)Which of the following pairs of goods would you expect to have indifference curves with a constant marginal rate of substitution? a.) Nickels and dimes b.) Left shoes and right shoes c.) Beer and pretzels d.) Gumballs and sticky hands

21.)Which of the four principles of indifference curves implies consumers prefer mixtures to extremes? a.) More is better than less b.) Indifference curves are downwards sloping c.) Indifference curves are bowed in d.) Indifference curves do not cross 22.)Which of the following pairs of goods would you expect to have indifference curves with a constant marginal rate of substitution? a.) Nickels and dimes b.) Left shoes and right shoes c.) Beer and pretzels d.) Gumballs and sticky hands

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 2CQQ

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