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 87 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
YES! Correct, THANKS for helping me on my review

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

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

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after The nitrogen cycle. Numbers represent fluxes as 1012 g N per year (data from Schlesinger 1991, after
Height and weight table Height and weight table
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
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
Adjustable massage table with face cradle. Adjustable massage table with face cradle.
Francis Morocco shoes Francis Morocco shoes
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library