Author Question: If Bobby decides that his marginal utility per dollar spent on vanilla ice cream exceeds his ... (Read 86 times)

cool

  • Hero Member
  • *****
  • Posts: 570
If Bobby decides that his marginal utility per dollar spent on vanilla ice cream exceeds his marginal utility per dollar spent on chocolate ice cream, he should then
 
  A) buy more chocolate ice cream and less vanilla ice cream.
  B) buy more vanilla ice cream and less chocolate ice cream.
  C) buy all the vanilla ice cream he can.
  D) never buy chocolate ice cream.

Question 2

In the figure above, a firm is operating at point A on the graph. At point A, the firm's average cost curve
 
  A) has negative slope.
  B) has positive slope.
  C) is horizontal.
  D) is vertical.



allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

cool

  • Hero Member
  • *****
  • Posts: 570


 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

For a complete list of videos, visit our video library