Please do the both Which of the following statements are TRUE?A. As we move to the left along an indifference curve, the utility obtained by the householdincreases.B. A utility curve holds different combinations of goods that give the same utility.C. Higher indifference curves (i.e., indifference curves positioned higher and to the right)represent higher utility.D. The only way to obtain a higher utility is to make more money.O Only A and DO Only B and CO Only B, C, and DAll of the aboveQuestion 48If changes in demand cause migration of residents from one city to another, how is it possible toimplement regional economic development programs?O It is possible to implement regional economic development programs by concentrating on each area of aregion separately. If each area does the best it can individually, the region will always be able to implementregional economic development programs.O Since the process of migration is very time consuming, the effects of regional movement will not harm theimplementation of regional economic development programs.O Since interregional movement is very prominent in almost all regions, it is basically impossible to implementregional economic development programs.O It is possible to implement regional economic development programs if the residents can move extremelyquickly between regions.

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Which of the following statements are TRUE? A. As we move to the left along an indifference curve, the utility obtained by the household increases. B. A utility curve holds different combinations of goods that give the same utility. C. Higher indifference curves (i.e., indifference curves positioned higher and to the right) represent higher utility. D. The only way to obtain a higher utility is to make more money. O Only A and D O Only B and C O Only B, C, and D O All of the above

Which of the following statements are TRUE? A. As we move to the left along an indifference curve, the utility obtained by the household increases. B. A utility curve holds different combinations of goods that give the same utility. C. Higher indifference curves (i.e., indifference curves positioned higher and to the right) represent higher utility. D. The only way to obtain a higher utility is to make more money. O Only A and D O Only B and C O Only B, C, and D O All of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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