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

Author Question: Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To ... (Read 76 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Suppose that when the price of oranges decreases, Sarita decreases her purchases of peaches. To Sarita
 
  A) oranges and peaches are normal goods. B) oranges and peaches are substitutes.
  C) oranges and peaches are complements. D) oranges and peaches are inferior goods.

Question 2

When total utility is rising but at a decreasing rate what must be happening to marginal utility? When will total utility stop rising?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Marginal utility is still positive but it is becoming smaller. Total utility will stop risingwhen marginal utility reaches zero.


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Navel Oranges Navel Oranges
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library