Ask Question
BusinessBusiness
18 December, 00:55

Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always have indifference curves with slopes of 1. D. have fixed rates of trading off one good for another.

+3
Answers (1)
  1. 18 December, 04:27
    0
    Option (D) is correct.

    Explanation:

    Perfect substitute goods are the goods which can be used in place of each other.

    Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.

    The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always have ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is an example of passive income? (1) portfolio income, including interest, dividends, annuities, and royalties (2) income from rental real estate earned by a no real estate professional (3) winnings from gambling (4) state and
Answers (1)
While many closings are conducted as a live event in which both buyer and seller parties are present, a number of states have moved towards the practice of escrow closings as the primary mode of real estate transaction.
Answers (1)
Paul's unmarried daughter, candace, lived with him in his home for the entire year. paul is divorced. he owns his own home and pays all of the costs of upkeep for the home. paul paid over one-half of the cost of support for candace.
Answers (1)
Suppose that a manufacturer can produce a part for $8.00 with a fixed cost of $6 comma 000. Alternately, the manufacturer could contract with a supplier in Asia to purchase the part at a cost of $10.00 , which includes transportation. a.
Answers (1)
Penrose Corporation acquired 80% of the voting stock of Speedy Company several years ago. There were no revaluations of Speedy's identifiable net assets, and the excess of acquisition cost over Speedy's book value was attributed entirely to goodwill.
Answers (1)
New Questions in Business
Ane eyring works for pharmameds, inc. jane is a physician-scientist who is responsible for running the pilot tests on pharmamed's new oral spray medication for individuals with adult onset diabetes.
Answers (1)
2. Liquidity Consider the relative liquidity of the following assets: Assets 1. The funds in a savings account 2. A bond issued by a publicly traded company 3. A $5 bill 4.
Answers (1)
Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
Answers (1)
Conflict in organizations Select one: a. can serve as an opportunity for growth. b. often has negative consequences, and therefore must be managed carefully. c. can clarify relationships and provide new ways to think about issues. d.
Answers (1)
Stockholders' Equity Section of Balance Sheet The following accounts and their balances appear in the ledger of Goodale Properties Inc.
Answers (1)
Home » Business » Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always have indifference curves with slopes of 1. D. have fixed rates of trading off one good for another.
Sign Up Forgot Password?