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 56 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
Wow, this really help

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
Navel Oranges Navel Oranges
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library