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

Author Question: If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint, (Read 85 times)

nods

  • Full Member
  • ***
  • Posts: 141
on: Oct 12, 2022

Question 1

If consumption of an extra unit of some good generates a marginal utility of zero, then consumption of that additional unit would mean that total utility would
◦ be decreasing.
◦ be increasing.
◦ also be zero.
◦ not change.
◦ be negative.

Question 2

If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint,
◦ MUA/MUB equals 1.
◦ MUA/MUB equals the ratio of the total utility of A to the total utility of B.
◦ MUA/MUB is at a maximum.
◦ MUA/MUB equals zero.
◦ MUA/MUB equals the ratio of the price of A to the price of B.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nods on Oct 12, 2022

LynellDool

  • Full Member
  • ***
  • Posts: 165
    • i thought about discounts
Reply #1 on: Oct 12, 2022
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 56% of students answer this correctly

When you can make use of a promotion on an already discounted object, all of the greater. why not find out more

nods

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
Excellent

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

St. John's Water Dog (Extinct) St. John's Water Dog (Extinct)
The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da
John Hick (1922–2012). John Hick (1922–2012).
John Tackett in spring of 2003 at age 15 John Tackett in spring of 2003 at age 15
John Summit & Hayla - Where You Are (Lyric Visualizer) John Summit & Hayla - Where You Are (Lyric Visualizer)
Video: Conjunctivitis

For a complete list of videos, visit our video library