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Author Question: Assume the price of beer is 4, the price of pizza is 10 and the consumer's income is 250. Which ... (Read 72 times)

tsand2

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on: Jul 1, 2018
Assume the price of beer is 4, the price of pizza is 10 and the consumer's income is 250. Which consumption bundle will NOT be the consumer's choice?
 
  A) 5 Beer, 5 Pizza
  B) 0 Beer, 25 Pizza
  C) 25 Beer, 15 Pizza
  D) None of the bundle will be chosen.

Question 2

By selecting a bundle where MRS = MRT, the consumer is saying
 
  A) I value my last unit of each good equally.
  B) I am willing to trade one good for the other at the same rate that I am required to do so.
  C) I will equate the amounts spent on all goods consumed.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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fatboyy09

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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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tsand2

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Reply 2 on: Jul 1, 2018
Excellent

Kedrick2014

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

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