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

Author Question: Total utility is maximized when a consumer has spent all of his or her income and A) spent equal ... (Read 73 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
Total utility is maximized when a consumer has spent all of his or her income and
 
  A) spent equal amounts on all goods.
  B) marginal utility is maximized.
  C) the total utility per dollar from all goods is equal.
  D) the marginal utility per dollar from all goods is equal.

Question 2

The supplier of your ________ is most likely a monopoly.
 
  A) shoes
  B) toothpaste
  C) textbooks
  D) home electricity


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


jman1234

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Patients of all socioeconomic backgrounds should be given equal care. Patients of all socioeconomic backgrounds should be given equal care.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library