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Author Question: There are two conditions necessary for a consumer to maximize her utility. One is that the marginal ... (Read 84 times)

mia

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on: Jun 29, 2018
There are two conditions necessary for a consumer to maximize her utility. One is that the marginal utilities per dollar spent on each good and service consumed are equal. What is the other condition?
 
  A) The prices of each good and service consumed must not be too high.
  B) Total spending on all goods and services must equal the amount available to be spent.
  C) The consumer must be satisfied with the choices she makes.
  D) The total spent on each good and service is the same.

Question 2

What assumptions are necessary for a market to be perfectly competitive? Explain why each of these assumptions is important.
 
  What will be an ideal response?
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lucas dlamini

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Reply #1 on: Jun 29, 2018
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.
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mia

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Reply 2 on: Jun 29, 2018
Excellent

DylanD1323

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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