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

Author Question: Total utility is maximized when the ________ for all goods. A) marginal utility per dollar spent ... (Read 173 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Total utility is maximized when the ________ for all goods.
 
  A) marginal utility per dollar spent is equal
  B) marginal utilities are zero
  C) marginal utilities are maximized
  D) marginal utilities are negative

Question 2

Game theory is distinctive in that its elements are
 
  A) costs, prices, and profits.
  B) revenues, elasticity, and profits.
  C) rules, strategies, payoffs, and outcomes.
  D) patents, copyrights, and barriers to entry.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Metaphase I Animation

For a complete list of videos, visit our video library