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Author Question: The law of diminishing marginal utility explains why an individual's demand curve is elastic. a. ... (Read 96 times)

mpobi80

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on: Jul 1, 2018
The law of diminishing marginal utility explains why an individual's demand curve is elastic.
 a. True
  b. False

Question 2

Tyrell has 50 per week to spend on good A, which has a price of 5, and good B, which has a price of 4 . He buys six units of A and five of B. The marginal utility of the sixth unit of A is 25, and the marginal utility of the fifth unit of B is 20 . Which of the following is true?
 a. He is maximizing his utility.
  b. We cannot tell if he is maximizing his utility unless we know his total utility.
  c. He is not maximizing his utility and should buy more of A.
  d. He is not maximizing his utility and should buy more of B.
  e. He is not maximizing his utility because he is not spending all of his income.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Meganchabluk

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mpobi80

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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