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

Author Question: Money income is A) market income plus cash payments from government. B) equal to market income. ... (Read 316 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Money income is
 
  A) market income plus cash payments from government.
  B) equal to market income.
  C) market income plus cash payments from government minus taxes.
  D) market income minus taxes.

Question 2

Joe consumes pizza and movies. He is currently spending his entire income and his marginal utility of pizza is 10 and his marginal utility of movies is 5.
 
  If the price of a pizza is 10 and the price of a movie is 5, then to maximize his utility Joe should A) increase consumption of pizza and decrease consumption of movies.
  B) increase consumption of movies and decrease consumption of pizza.
  C) not change his current bundle of movies and pizza.
  D) increase consumption of both goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

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

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Stroke volume

For a complete list of videos, visit our video library