When Two Goods Are Perfect Complements, the Indifference Curves Will

question 268

Multiple Choice

When two goods are perfect complements, the indifference curves will

• A)have a positive slope.
• B)be right angles.
• C)have a constant marginal rate of substitution.
• D)Both b and c are correct.

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Definitions:

Nonshared Environments

The unique environment in which an individual is raised that contributes to the differences in traits and behaviors not attributable to genetics.

Phenotypes

The set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Monozygotic Twins

Another term for identical twins, referring to siblings that develop from one zygote that splits and forms two embryos, sharing all their genetic material.

Dizygotic Twins

Also known as fraternal twins, are twins that develop from two different eggs fertilized by two different sperm cells.