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

Author Question: The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an ... (Read 63 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Apr 19, 2019

Question 1

A utility-maximizing consumer buys so as to make ________ for all pairs of goods.


◦ Px(
MUx) = 
Py(
MUv)
◦ TUx/
Px = 
TUy/
Py
◦ MUx/
MUy = 
Px/
Py
◦ MUx = 
MUy

Question 2

The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an individual maximizing utility. This implies that


◦ a donut is four times more valuable than a cup of coffee.
◦ the coffee to donuts price ratio is one to four.
◦ the coffee to donuts price ratio is four to one.
◦ this person always eats donuts with coffee.
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 folubunmi on Apr 19, 2019

ecox1012

  • Sr. Member
  • ****
  • Posts: 344
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 29% of students answer this correctly


folubunmi

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Apr 19, 2019
Excellent


ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio. Flow chart for the diagnosis of hepatitis C. Hepatitis C reporting using the signal-tocutoff ratio.
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
A Punnett square generating the F2 ratio of the F1 x F1 cross A Punnett square generating the F2 ratio of the F1 x F1 cross
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library