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

Author Question: Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and ... (Read 128 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 29, 2018
Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus
 
  A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten.
  B) the price of a hot dog and the price of a hamburger must be the same.
  C) she must be eating the same number of hot dogs and hamburgers.
  D) Both answers B and C are correct.

Question 2

A proprietorship is a firm with
 
  A) two or more owners who both have unlimited liability.
  B) a single owner who has limited liability.
  C) a single owner who has unlimited liability.
  D) many owner all of whom have limited liability.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


littleanan

  • Hero Member
  • *****
  • Posts: 575
Reply #2 on: Jun 29, 2018
Correct answers!


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

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.

A comparison of gradualism and punctuated equilibrium. A comparison of gradualism and punctuated equilibrium.
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Application of the Hardy–Weinberg equilibrium Application of the Hardy–Weinberg equilibrium
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library