This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's ... (Read 600 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 18, 2019
Individuals derive utility from picnics, p, and kayak trips, k. Assuming that an individual's utility is and income is $100, what is the marginal rate of substitution (MRS) between picnics and kayak trips?
◦ MRS = -1.
◦ MRS = -
◦ MRS = 1.
◦ There is no substitution because picnics and kayak trips are perfect complements.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by segrsyd on Jun 18, 2019

Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


segrsyd

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Jun 18, 2019
Excellent


Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 18, 2019
Great! Please up vote :D


Max Jason

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Oct 17, 2020
thank you


Jiaxin Lu

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Apr 5, 2022
thank you


« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
Some red squirrels adopt the offspring of related individuals, a likely example of kin selection pro Some red squirrels adopt the offspring of related individuals, a likely example of kin selection pro
Unique markings identify individual humpback whales. Unique markings identify individual humpback whales.
Individual Tubule Functions Individual Tubule Functions
Individual Tubule Functions Individual Tubule Functions
Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o
Video: Aneurysm

For a complete list of videos, visit our video library