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

Author Question: Optimal Consumer ChoiceMeaghan has a budget of $390 a year to spend on jeans and shoes. The table ... (Read 21 times)

olsonmanny@gmail.com

  • Full Member
  • ***
  • Posts: 141
on: Nov 23, 2022
Optimal Consumer Choice

Meaghan has a budget of $390 a year to spend on jeans and shoes. The table shows her marginal utility from each good.

Quantity per WeekMarginal Utility from JeansMarginal Utility from Shoes
1540​480​
2450​420​
3360​360​
4180​300​
5180​240​
If the price of a pair of jeans is $90 and the price of a pair of shoes is $120, how does Meaghan allocate her budget between jeans and shoes?
◦ 3 pairs of jeans, 1 pair of shoes
◦ 4 pairs of jeans, 3 pairs of shoes
◦ 5 pairs of jeans, 5 pairs of shoes
◦ 2 pairs of jeans, 2 pairs of shoes
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olsonmanny@gmail.com on Nov 23, 2022

khudija

  • Full Member
  • ***
  • Posts: 171
Reply #1 on: Nov 23, 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 59% of students answer this correctly


olsonmanny@gmail.com

  • Member
  • Posts: 141
Reply 2 on: Nov 23, 2022
Excellent

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Important Human Viral Table Important Human Viral Table
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ... Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ...
Consumerism and Sustainability: Food from Farm to Table Consumerism and Sustainability: Food from Farm to Table
Seven bacteriophage deletion mutations (1 to 7 in the table below) are tested for their ability ... Seven bacteriophage deletion mutations (1 to 7 in the table below) are tested for their ability ...
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
Video: Arthroscopy

For a complete list of videos, visit our video library