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Author Question: A consumer maximizes utility by allocating time so that the expected marginal utilities of the last ... (Read 97 times)

kfurse

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on: Jun 30, 2018
A consumer maximizes utility by allocating time so that the expected marginal utilities of the last unit of time spent in each activity are identical.
 a. True
  b. False

Question 2

The official poverty level in the United States
 a. has been the same since 1980
  b. is the same as in other developed countries because it is based on a United Nations definition
  c. is defined by the United Nations
  d. is defined by the Department of Agriculture and based on food costs
  e. has been adjusted for inflation but not for changes in family size


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kiamars2010

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


kfurse

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Reply #2 on: Jun 30, 2018
Thank you


kiamars2010

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Reply #3 on: Jun 30, 2018
No problemo


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