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Author Question: Bananas cost about 1 a pound and ground beef costs about 3 a pound. If Jenna has 18 to spend on ... (Read 324 times)

rayancarla1

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on: Jun 29, 2018
Bananas cost about 1 a pound and ground beef costs about 3 a pound. If Jenna has 18 to spend on groceries and she only buys bananas and beef, which of the following is a possible combination of these goods that could maximize her total utility?
 
  A) 18 lbs of bananas and 6 lbs of beef
  B) 10 lbs of bananas and 8 lbs of beef
  C) 8 lbs of bananas and 3 lbs of beef
  D) 3 lbs of bananas and 5 lbs of beef

Question 2

Regulation of a natural monopoly will maximize the sum of consumer surplus and producer surplus if the firm is regulated with
 
  A) an average cost pricing rule.
  B) a marginal cost pricing rule.
  C) rate of return regulation.
  D) All of the above answers are correct.


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Edwyer

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


rayancarla1

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Reply 2 on: Jun 29, 2018
Wow, this really help

chjcharjto14

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

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