Author Question: Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the ... (Read 17 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 10f. What is the marginal utility of cosmetic surgery?
 
  A) MU = 5.
  B) MU = 10.
  C) MU = 15.
  D) None of the above.

Question 2

Clifford lives by the motto Eat drink and be merry today, for tomorrow doesn't matter. If today's consumption is represented by x and tomorrow's consumption is represented by y, then which of the following best represents Clifford's utility function?
 
  A) U = x - y
  B) U = x/y
  C) U = x
  D) U = y


jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library