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

Author Question: Mary likes to consume either pizza or spaghetti. She has $48 to spend on these meals. a. One week ... (Read 78 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: May 24, 2019
Mary likes to consume either pizza or spaghetti. She has $48 to spend on these meals.
a.  One week the price of pizza is $8 and the price of spaghetti is $6. Mary uses the indifference curve analysis she learned in microeconomics to decide how much of each type of meal to buy. She puts pizza on the vertical axis and spaghetti on the horizontal axis. What is the marginal rate of substitution at the combination of pizza and spaghetti that Mary chooses?
b.  The next week, the price of pizza is $6 and the price of spaghetti is $8 so Mary adjusts her consumption combination to maximize her total utility. What is her marginal rate of substitution now?
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 nummyann on May 24, 2019

Joc

  • Sr. Member
  • ****
  • Posts: 317
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 64% of students answer this correctly


nummyann

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: May 24, 2019
Excellent


Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
Baby position during the 30th week of pregnancy Baby position during the 30th week of pregnancy
Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans Mixed dishes such as hamburgers and pizza are a major source of solid fats in the diets of Americans
Embryonic Period - 3rd week Embryonic Period - 3rd week
Embryonic Period - 7th week Embryonic Period - 7th week
A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b A slice of cheese pizza has a caloric content of 150 Cal. If this energy could b
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library