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

Author Question: When a consumer spends all of his or her income and consumes a bundle of goods such that the ... (Read 90 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
When a consumer spends all of his or her income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the
 
  A) consumer's total utility is maximized.
  B) consumer is in his or her consumption equilibrium.
  C) marginal utilities for each good are maximized.
  D) Both answers A and B are correct.

Question 2

A monopoly that sells every unit of its output at the same price is a ________.
 
  A) unit-price monopoly
  B) legal monopoly
  C) natural monopoly
  D) single-price monopoly


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

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

D

Answer to Question 2

D


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library