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 606 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?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

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?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Unique markings identify individual humpback whales. Unique markings identify individual humpback whales.
Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr Acromegaly. Acromegaly is a metabolic disorder in which excessive amounts of growth hormone are secr
Species, subspecies, populations, and individuals. Species are reproductively isolated from one anot Species, subspecies, populations, and individuals. Species are reproductively isolated from one anot
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Individuals Who Should Be Vaccinated Against Hepatitis B Individuals Who Should Be Vaccinated Against Hepatitis B
Digestion converts whole foods into individual nutrients that can be used by the body’s cells Digestion converts whole foods into individual nutrients that can be used by the body’s cells
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library