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Author Question: Suppose Joe is maximizing total utility within his budget constraint. If the price of the last ... (Read 83 times)

sammy

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on: Jun 29, 2018
Suppose Joe is maximizing total utility within his budget constraint.
 
  If the price of the last pair of jeans purchased is 25 and it yields 100 units of extra satisfaction and the price of the last shirt purchased is 20, then, using the rule of equal marginal utility per dollar spent, the extra satisfaction received from the last shirt must be
  A) 2,000 units of utility. B) 500 units of utility.
  C) 100 units of utility. D) 80 units of utility.

Question 2

In economics, technology only refers to the development of new products.
 
  Indicate whether the statement is true or false
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DylanD1323

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Reply #1 on: Jun 29, 2018
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.
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sammy

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Reply 2 on: Jun 29, 2018
:D TYSM

kishoreddi

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Reply 3 on: Yesterday
Excellent

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