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

Author Question: Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown ... (Read 113 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jul 1, 2018
Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point d,
 
  A) the absolute value of his MRS is larger than the trade-off offered by the market.
  B) he is willing to give up more chicken than he has to, given market prices.
  C) he is not maximizing his utility.
  D) All of the above.

Question 2

Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point e,
 
  A) the absolute value of his MRS is less than the trade-off offered by the market.
  B) he is willing to give up more burger than he has to, given market prices.
  C) he is not maximizing his utility.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


theo

  • Member
  • Posts: 698
Reply 2 on: Jul 1, 2018
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
The eight α-helical segments (shown here as cylinders) are labeled A through H The eight α-helical segments (shown here as cylinders) are labeled A through H
cell line selection cell line selection
Gram Stain of a person's Gum line Gram Stain of a person's Gum line
If you want to show differences between items at the same time, a bar graph is more effective than a If you want to show differences between items at the same time, a bar graph is more effective than a
Two radio antennas are 130 m apart on a north-south line. The two antennas radiate in phase at ... Two radio antennas are 130 m apart on a north-south line. The two antennas radiate in phase at ...
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library