Goods X and Y are perfect substitutes. A consumer's indifference curve for these commodities is represented by a
A. Upward sloping straight line
B. Upward sloping curve which is convex from below
C. Downward sloping straight line
D. Downward sloping curve which is convex to origin
Answer: Option C
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis

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