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

Author Question: Suppose the price of jeans is $100 and the price of boots is $100. If Charles buys 3 pairs of jeans ... (Read 124 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: May 24, 2019
Suppose the price of jeans is $100 and the price of boots is $100. If Charles buys 3 pairs of jeans and 2 pairs of boots each year,
◦ Charles cannot be maximizing utility.
◦ jeans must provide more marginal utility than boots.
◦ boots must provide more marginal utility than jeans.
◦ Charles must receive the same marginal utility from the 3rd pair jeans as he does from the 2nd pair of boots.
◦ Charles is not spending all of this budget.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Jkov05 on May 24, 2019

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: May 24, 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 50% of students answer this correctly


Jkov05

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: May 24, 2019
TY


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Othniel Charles Marsh Othniel Charles Marsh
Humans have 23 pairs of chromosomes, containing 3 billion “letters” in the DNA code and about ... Humans have 23 pairs of chromosomes, containing 3 billion “letters” in the DNA code and about ...
Jean-Michel Basquiat, Charles the First. Jean-Michel Basquiat, Charles the First.
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Two different pairs of chromosomes Two different pairs of chromosomes
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: Bone Healing Animation

For a complete list of videos, visit our video library