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Author Question: A consumer satisfies the condition ________ when her indifference curve is just tangent to her ... (Read 34 times)

nautica902

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on: Apr 19, 2019

Question 1

Harry tells you that he prefers Pepsi to Coke, Coke to 7-UP, and 7-UP to Pepsi. This violates what assumption made when analyzing consumer preferences?


◦ that more is better
◦ that there is a diminishing marginal rate of substitution
◦ that consumers are rational
◦ that consumers are able to choose among all the combinations of goods and services available

Question 2

A consumer satisfies the condition ________ when her indifference curve is just tangent to her budget constraint.


◦ MU
x = 
MU
y
◦ TU
x = 
TU
y
◦ MU
x/
P
x = 
MU
y/
P
y
◦ TU
x/
P
x = 
TU
y/
P
y
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nautica902 on Apr 19, 2019

mcni194

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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.
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nautica902

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

dreamfighter72

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Reply 3 on: Yesterday
Wow, this really help

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