Are the following statements true or false? Give reasons.
(a) The problem of ‘how to produce’ involves choice between consumer goods and capital goods.
(b) Macroeconomics deals with study of cotton textile industry.
(c) Marginal utility can never be negative.
(d) Two indifference curve intersect each other when they represent same level of satisfaction.
plz answer cuz tomorrow is my exam
(a) The problem of ‘how to produce’ involves choice between consumer goods and capital goods.
(b) Macroeconomics deals with study of cotton textile industry.
(c) Marginal utility can never be negative.
(d) Two indifference curve intersect each other when they represent same level of satisfaction.
plz answer cuz tomorrow is my exam
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Answer:
a)true
b) false
Macroeconomics means using interest rates, taxes and government spending to regulate an economy’s growth and stability.
c)false
it can be +ve or -ve or zero
d) false
two indifference curve cannot intrrsect