Author Question: Lisa is spending all of her income on compact discs and downloadable games for her smart phone. She ... (Read 95 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
Lisa is spending all of her income on compact discs and downloadable games for her smart phone. She finds that the marginal utility from the last compact disc she buys is 30 and the marginal utility from the last downloadable game is 10.
 
  The price of a compact disc is 15 and the price of a downloadable game is 5. Lisa should A) increase her consumption of compact discs.
  B) increase her consumption of downloadable games.
  C) not change her consumption of downloadable games and compact discs.
  D) decrease the price of downloadable games.

Question 2

In the figure above, a decrease in the price of a bag of potato chips would result in the budget line
 
  A) making a parallel shift toward point a.
  B) making a parallel shift toward point c.
  C) becoming flatter.
  D) becoming steeper.



underwood14

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

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

For a complete list of videos, visit our video library