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  • Ans - Ch.02-Tastes-and-Preference-of-the-Consumer - 1 - .PDF Filename - UTF-8''Ans - Ch.02-Tastes-and-Preference-of-the-Consumer

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    This document appears to be a set of review questions about consumer tastes and preferences from Chapter 2 of an economics textbook. It includes true/false and multiple choice questions testing understanding of concepts like indifference curves, budget constraints, marginal rates of substitution, and how consumers maximize utility subject to budget constraints by choosing bundles of goods along the highest attainable indifference curve that is tangent to their budget line.

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    Ans.Ch.02-Tastes-and-Preference-of-the-Consumer_1_.pdf;filename_= UTF-8''Ans.Ch.02-Tastes-and-Preference-of-the-Consumer%20%281%29

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    This document appears to be a set of review questions about consumer tastes and preferences from Chapter 2 of an economics textbook. It includes true/false and multiple choice questions testing understanding of concepts like indifference curves, budget constraints, marginal rates of substitution, and how consumers maximize utility subject to budget constraints by choosing bundles of goods along the highest attainable indifference curve that is tangent to their budget line.

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    12 views1 page

    Ans - Ch.02-Tastes-and-Preference-of-the-Consumer - 1 - .PDF Filename - UTF-8''Ans - Ch.02-Tastes-and-Preference-of-the-Consumer

    Uploaded by

    Mohamed Nasser Atta
    This document appears to be a set of review questions about consumer tastes and preferences from Chapter 2 of an economics textbook. It includes true/false and multiple choice questions testing understanding of concepts like indifference curves, budget constraints, marginal rates of substitution, and how consumers maximize utility subject to budget constraints by choosing bundles of goods along the highest attainable indifference curve that is tangent to their budget line.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Co111pletion Questions Ch.

    2 Tastes and Preferences of the Consumer

    l. n1ore; less
    2. in.difference
    3. marginal rate of substitution
    '-

    4. n1axirnizc ~budget
    5. tangent to
    6. negative
    '-'

    7. convex
    8. tastes [or his or her income]
    9. \Vhich he or she prefers; prefers oranges to apples ; more; less
    10. sa1ne
    11. tii 2:her
    '--

    True or False

    1. False 2. False 3. False 4 . True 5. False 6. False 7. True 8. False


    9. False 10. True 11. false

    Mu'iriple Choice

    1. c >
    .... . a- 3 . b.
    ,
    4. b 5. a

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