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

Author Question: Optimal Consumer ChoiceMeaghan has a budget of $390 a year to spend on jeans and shoes. The table ... (Read 93 times)

olsonmanny@gmail.com

  • Full Member
  • ***
  • Posts: 141
on: Nov 23, 2022
Optimal Consumer Choice

Meaghan has a budget of $390 a year to spend on jeans and shoes. The table shows her marginal utility from each good.

Quantity per WeekMarginal Utility from JeansMarginal Utility from Shoes
1540​480​
2450​420​
3360​360​
4180​300​
5180​240​
If the price of a pair of jeans is $90 and the price of a pair of shoes is $120, how does Meaghan allocate her budget between jeans and shoes?
◦ 3 pairs of jeans, 1 pair of shoes
◦ 4 pairs of jeans, 3 pairs of shoes
◦ 5 pairs of jeans, 5 pairs of shoes
◦ 2 pairs of jeans, 2 pairs of shoes
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olsonmanny@gmail.com on Nov 23, 2022

khudija

  • Full Member
  • ***
  • Posts: 171
Reply #1 on: Nov 23, 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 59% of students answer this correctly


olsonmanny@gmail.com

  • Member
  • Posts: 141
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

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.

Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
How to find the first and second differences for any table of values How to find the first and second differences for any table of values
Standing at the head of the table, apply effleurage to upper trapezius from neck to shoulder using a ... Standing at the head of the table, apply effleurage to upper trapezius from neck to shoulder using a ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
New year kid drawing New year kid drawing
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library