MICROECONOMICS MOCK + FORMULAS, Schemi e mappe concettuali di Microeconomia

Scarica MICROECONOMICS MOCK + FORMULAS e più Schemi e mappe concettuali in PDF di Microeconomia solo su Docsity! Sample Questions Each question earns you 5 points if the answer is correct, 2 points if no answer, and 0 points if the answer is not correct. 1: Consider the following preferences: (a) Commodity 1 is a bad and commodity 2 is a good. (b) Commodity 1 is a good and commodity 2 is a bad. (c) Commodity 1 is a bad and commodity 2 is a bad. 2: For a consumer, commodity 1 is a bad and for good 2 there is a point 𝑥! > 0 s.t. he prefers to consume as much as possible of this good up to 𝑥!, but after this point the good becomes a bad. How do the indifference curves look like? (a) (b) (c) 3: The convexity of indifference curve is due to: (a) Diminshing MRS (b) Constant MRS (c) Increasing MRS x1 x2 !̅# (a) x1 x2 !̅# (b) x1 x2 !̅# (c)