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

Author Question: Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X ... (Read 85 times)

melly21297

  • Hero Member
  • *****
  • Posts: 565
on: Apr 19, 2019

Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 100 and the marginal utility from the last unit of Y that she consumes is 50. Ellie's utility is only maximized if


◦ the prices of X and Y are the same.
◦ the price of good X is twice that of good Y.
◦ the price of good Y is twice that of good X.
◦ We cannot determine whether Ellie is maximizing her utility.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by melly21297 on Apr 19, 2019

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 42% of students answer this correctly


melly21297

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Apr 19, 2019
Thank you!


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

A structural gene as a transcriptional unit A structural gene as a transcriptional unit
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
Apply two-hand petrissage over the entire upper back. Place palms flat on back next to each other. ... Apply two-hand petrissage over the entire upper back. Place palms flat on back next to each other. ...
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library