When Two Goods Are Perfect Substitutes, the

question 385

Multiple Choice

When two goods are perfect substitutes, the

• A)indifference curve is a horizontal straight line.
• B)marginal rate of substitution is constant.
• C)indifference curve is a vertical straight line.
• D)Both a and b are correct.

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Definitions:

Refractory Periods

The amount of time it takes for an excitable membrane (such as a neuron) to prepare for a second stimulus after it has returned to its baseline state.

Two or More Orgasms

The experience of achieving multiple climaxes during a single session of sexual activity or masturbation.

Short Time Span

A limited period of time, often indicating a brief duration between events or actions.

Estrogen and Testosterone Levels

Refers to the concentration of these two primary sex hormones in the body, which influence various physiological and behavioral characteristics.