Toby Talkalot Subscribes to a Local Phone Service That Charges

question 21

Multiple Choice

Toby Talkalot subscribes to a local phone service that charges a fixed fee of $10 per month and allows him to place as many local phone calls as he likes without further charge.Let good 1 be an aggregate of commodities other than local phone use and let good 2 be local phone use.(Measure good 1 on the horizontal axis and good 2 on the vertical axis.) On Monday, Toby didn't use the telephone at all.The slope m of his indifference curve at the consumption bundle he chose on Monday was

• A)positive.
• B)less than or equal to 0.
• C)0.
• D)greater than or equal to 0.
• E)negative.

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Journal Entries

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Actions taken by a government to influence or regulate various activities, industries, or economic markets for the public good.

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