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

Author Question: If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint, (Read 88 times)

nods

  • Full Member
  • ***
  • Posts: 141
on: Oct 12, 2022

Question 1

If consumption of an extra unit of some good generates a marginal utility of zero, then consumption of that additional unit would mean that total utility would
◦ be decreasing.
◦ be increasing.
◦ also be zero.
◦ not change.
◦ be negative.

Question 2

If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint,
◦ MUA/MUB equals 1.
◦ MUA/MUB equals the ratio of the total utility of A to the total utility of B.
◦ MUA/MUB is at a maximum.
◦ MUA/MUB equals zero.
◦ MUA/MUB equals the ratio of the price of A to the price of B.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nods on Oct 12, 2022

LynellDool

  • Full Member
  • ***
  • Posts: 165
    • i thought about discounts
Reply #1 on: Oct 12, 2022
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

When you can make use of a promotion on an already discounted object, all of the greater. why not find out more

nods

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

JCABRERA33

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

John Lindley John Lindley
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
The Gun Foundry in Cold Spring, New York, by John Ferguson Weir conveys how much The Gun Foundry in Cold Spring, New York, by John Ferguson Weir conveys how much
John Locke (1632–1704). John Locke (1632–1704).
Favourite subject kindergarten Favourite subject kindergarten
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library