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

Author Question: Assuming well-defined indifference curves, when marginal utility is zero, total utility is at a maximum. (Read 73 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Apr 19, 2019

Question 1

If 
MU
x/
P
x exceeds 
MU
y/
P
y, then a household can increase its utility by spending more on 
Y and less on 
X.


◦ true
◦ false

Question 2

Assuming well-defined indifference curves, when marginal utility is zero, total utility is at a maximum.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by PhilipSeeMore on Apr 19, 2019

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Apr 19, 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 25% of students answer this correctly


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Apr 19, 2019
:D TYSM

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Titration curves for (a) glutamate and (b) histidine Titration curves for (a) glutamate and (b) histidine
Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
Cooperative vs. noncooperative O2-binding curves Cooperative vs. noncooperative O2-binding curves
Perfect logistic curves Perfect logistic curves
Paleocene-Eocene Thermal Maximum Paleocene-Eocene Thermal Maximum
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: The Pressure Flow Model in a Plant

For a complete list of videos, visit our video library