« previous next »

Author Question: Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the ... (Read 48 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jul 1, 2018
Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f. What is the marginal utility of cosmetic surgery?
 
  A) MU = 5.
  B) MU = 10.
  C) MU = 15.
  D) None of the above.

Question 2

Clifford lives by the motto Eat drink and be merry today, for tomorrow doesn't matter. If today's consumption is represented by x and tomorrow's consumption is represented by y, then which of the following best represents Clifford's utility function?
 
  A) U = x - y
  B) U = x/y
  C) U = x
  D) U = y
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Areas of Referred Pain, Anterior View Areas of Referred Pain, Anterior View
This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to
Organs of the urinary system. This illustration is an anterior view of a female with the abdominal w Organs of the urinary system. This illustration is an anterior view of a female with the abdominal w
Schematic view of a replication fork Schematic view of a replication fork
The Lumbar Vertebrae: Superior View of Vertebra The Lumbar Vertebrae: Superior View of Vertebra
Video: Glycolysis Animation

For a complete list of videos, visit our video library