Microeconomics

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The intuition behind the budget constraint is that A) more options are preferred to less. B) ... Started by TFauchery	1 Replies 13 Views	Jul 1, 2018 by Danny Ewald
Suppose a taco costs 4 and a burrito costs 2. Moreover, this Mexican restaurant has a special deal. ... Started by kellyjaisingh	1 Replies 19 Views	Jul 1, 2018 by lauravaras
Explain the difference between the marginal rate of substitution and the marginal rate of ... Started by bio_gurl	1 Replies 35 Views	Jul 1, 2018 by kilada
An optimum that occurs as a corner solution A) includes only one good. B) cannot be an ... Started by maegan_martin	1 Replies 13 Views	Jul 1, 2018 by diana chang
Assume the price of beer is 4, the price of pizza is 10 and the consumer's income is 250. Which ... Started by tsand2	1 Replies 31 Views	Jul 1, 2018 by fatboyy09
Johnny has allocated 30 toward coffee and tea and feels that coffee and tea are perfect substitutes. ... Started by iveyjurea	1 Replies 31 Views	Jul 1, 2018 by Jadwiga9
Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown ... Started by theo	1 Replies 101 Views	Jul 1, 2018 by kescobar@64
An interior solution to a consumer's utility maximization problem implies A) consuming a positive ... Started by joblessjake	3 Replies 55 Views	Jul 1, 2018 by scottmt
Those who criticize individuals who choose to drive a relatively inefficient sport utility vehicle ... Started by xroflmao	1 Replies 188 Views	Jul 1, 2018 by ntsoane kedibone
What is one reason a gift card might be less desirable than cash? A) A gift card requires an ... Started by biggirl4568	1 Replies 36 Views	Jul 1, 2018 by dawsa925
If income increases due to a decrease in taxes, then A) utility will increase because consumers ... Started by luminitza	1 Replies 17 Views	Jul 1, 2018 by Expo
Robinson Crusoe is stranded on an island. He finds that coconuts are freely available (zero harvest ... Started by newbem	1 Replies 51 Views	Jul 1, 2018 by leannegxo
Keith is indifferent between canned soup and fresh soup. In the figure above, Keith's indifference ... Started by tnt_battle	1 Replies 81 Views	Jul 1, 2018 by jxjsniuniu
If MRS > MRT, then the consumer is better off than at equilibrium. Indicate whether the ... Started by Wadzanai	1 Replies 103 Views	Jul 1, 2018 by flannelavenger
Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 20 and her ... Started by jjjetplane	1 Replies 187 Views	Jul 1, 2018 by stallen
Behavioral economists use which technique to test economic theory? A) controlled experiments B) ... Started by scienceeasy	3 Replies 44 Views	Jul 1, 2018 by johnpizzaz
Which is a behavioral economics justification for limiting advertising directed towards children? ... Started by moongchi	1 Replies 124 Views	Jul 1, 2018 by dawsa925
Which of the following might explain the evidence of an endowment effect in behavioral economics? ... Started by xroflmao	1 Replies 43 Views	Jul 1, 2018 by zenzy
In Spain, people are considered organ donors unless the explicitly indicate they do not want to be. ... Started by faduma	1 Replies 53 Views	Jul 1, 2018 by ebe
In behavioral economics, salience is best exemplified by A) consumers responding differently when ... Started by eruditmonkey@yahoo.com	1 Replies 32 Views	Jul 1, 2018 by KKcool
Researchers have found that tax increases may have a small effect in the quantity purchased because ... Started by nautica902	1 Replies 11 Views	Jul 1, 2018 by sultansheikh
As the price of a good rises, the consumer will experience A) a desire to consume a different ... Started by karlynnae	1 Replies 24 Views	Jul 1, 2018 by Awesome
Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball ... Started by saraeharris	1 Replies 51 Views	Jul 1, 2018 by ansleighelindsey
Ten individuals have 100 and identical preferences for picnics, p, and kayak trips, k, where U(p, k) ... Started by pepyto	3 Replies 158 Views	Jul 1, 2018 by chinwesucks
As the price of a Giffen good falls, the consumer will A) purchase more units. B) purchase fewer ... Started by clippers!	1 Replies 60 Views	Jul 1, 2018 by medine