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

Author Question: Sierra likes chocolate-covered deviled eggs. After eating 10 chocolate-covered deviled eggs, she ... (Read 150 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Apr 19, 2019

Question 1

The ratio of the marginal utility of tea to the marginal utility of scones is six for an individual maximizing utility. This implies that


◦ a scone is six times more valuable than a cup of tea.
◦ the tea to scones price ratio is one to six.
◦ the tea to scones price ratio is six to one.
◦ this person always eats scones with tea.

Question 2

Sierra likes chocolate-covered deviled eggs. After eating 10 chocolate-covered deviled eggs, she switches to strawberry ice cream covered in sauerkraut. We can conclude that


◦ the chocolate-covered deviled eggs made Sierra sick.
◦ the chocolate-covered deviled eggs now have a negative marginal utility.
◦ at this point, the chocolate-covered deviled eggs have a lower marginal utility per dollar spent than that of strawberry ice cream covered in sauerkraut.
◦ Sierra is minimizing 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 Mollykgkg on Apr 19, 2019

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
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 50% of students answer this correctly


Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
Reply #2 on: Apr 19, 2019
TY


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

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.

A bull elk in spring, shedding its winter coat and with its antlers covered in velvet A bull elk in spring, shedding its winter coat and with its antlers covered in velvet
Eating is a nutritional as well as a social time Eating is a nutritional as well as a social time
Typical Caffeine Content of Chocolate and Several Beverages Typical Caffeine Content of Chocolate and Several Beverages
Regions of the Hypothalamus Involved in Eating and Metabolism Regions of the Hypothalamus Involved in Eating and Metabolism
Hummingbird Eating Nectar Hummingbird Eating Nectar
Tools for Healthy Eating Tools for Healthy Eating
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library