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

Author Question: If you buy a good, its expected marginal value to you a. is equal to its price b. is greater than ... (Read 13 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
If you buy a good, its expected marginal value to you
 a. is equal to its price
  b. is greater than its price
  c. is less than its price
  d. may be less than or equal to but not greater than its price
  e. may be greater than or equal to but not less than its price

Question 2

Arthur Bach is worth 780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing 200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
 a. cannot tell
  b. greater than 200
  c. less than 200
  d. 0
  e. 200


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Gracias!

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple standard reduction potential (Eo), the greater the tendency of the oxidized form of a redox couple
Almonds and other nuts are also good sources of protein Almonds and other nuts are also good sources of protein
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Arthroscopy

For a complete list of videos, visit our video library