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

Author Question: Using marginal utility theory, when the price of a gallon of milk falls, a consumer will buy A) ... (Read 18 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
Using marginal utility theory, when the price of a gallon of milk falls, a consumer will buy
 
  A) the same amount of milk as before and buy more of all other goods.
  B) more milk.
  C) more milk only if its marginal utility is increasing.
  D) more milk only if its marginal utility is constant.

Question 2

In the United States, the Lorenz curve for wealth is ________ from the 45-degree line than is the Lorenz curve for income, which means that the distribution of wealth is more ________ than the distribution of income.
 
  A) farther away from; unequal
  B) farther away from; equal
  C) closer to; unequal
  D) closer to; equal


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Excellent

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Theory of Endosymbiosis Theory of Endosymbiosis
Which one is more healthier? DARK, MILK or WHITE chocolate Which one is more healthier? DARK, MILK or WHITE chocolate
Milk Label Containing Information about the Use of rBGH Milk Label Containing Information about the Use of rBGH
Gate control theory. A. open gate, B. closed gate Gate control theory. A. open gate, B. closed gate
Bronfenbrenner's bioecological theory Bronfenbrenner's bioecological theory
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Neuron Structure Animation

For a complete list of videos, visit our video library