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Author Question: Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is ... (Read 91 times)

danielfitts88

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on: Jun 29, 2018
Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is TRUE when Keesha can buy any portion of a unit of a milkshake or burger?
 
  A) The marginal utility per dollar from a milkshake will exceed the marginal utility per dollar from a burger if she likes burgers more than milkshakes.
  B) The marginal utility per dollar from a burger will exceed the marginal utility per dollar from a milkshake if she likes burgers more than milkshakes.
  C) The marginal utility per dollar will be the same for each good.
  D) The marginal utility will be the same for each good.

Question 2

The simplest prisoners' dilemma is a game that, in part, requires
 
  A) two players who are able to communicate with each other.
  B) two players who are unable to communicate with each other.
  C) monopolistic competition.
  D) an oligopoly with one very large firm.


marict

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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