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 101 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?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Coffee beans Coffee beans
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated
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
Maple Danish with coffee Maple Danish with coffee
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library