Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / True or false- No explination needed- questions relate to one-period macro model: a) If M...

True or false- No explination needed- questions relate to one-period macro model: a) If MRSl,e < w, then a utility maximizing consumer will increase their leisure time and reduce consumption

True or false- No explination needed- questions relate to one-period macro model:

a) If MRSl,e < w, then a utility maximizing consumer will increase their leisure time and reduce consumption

b) The slopeof the indifference curve at any given point is also the MRSl,c

c) For the Utility function U(c,l) = C^2l^2, the assumption of diminishing marginal utility of consumption holds

d) Even if the government imposes a distortionary income tax on the representative consumer, the sulution to the social planners problem still would be the Pareto Optimum

Apr 12 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions