This topic contains a solution. Click here to go to the answer

Author Question: If MU x/ P x (Read 24 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

Jon is consuming X and Y so that he is spending his entire income and 
MU
x/
P
x = 4 and 
MU
y/
P
y = 4. To maximize utility, he should consume


◦ the same amount of X and Y since he is already maximizing utility.
◦ less of both X and 
Y.
◦ more X and less 
Y.
◦ less X and more 
Y.

Question 2

If 
MU
x/
P
x < 
MU
y/
P
y, then


◦ spending a dollar less on Y and a dollar more on X increases utility.
◦ spending a dollar less on 
X and a dollar more on Y increases utility.
◦ X is more expensive than 
Y.
◦ Y is more expensive than 
X.


Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by arivle123 on Apr 19, 2019

fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly



arivle123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thank you!



fromAlphatoOmega22

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Apr 19, 2019
Always glad to help...



 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

For a complete list of videos, visit our video library