This topic contains a solution. Click here to go to the answer

Author Question: Sarah consumes pizzas and hamburgers. The price of a hamburger is 1 and the marginal utility from ... (Read 119 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
Sarah consumes pizzas and hamburgers. The price of a hamburger is 1 and the marginal utility from her last hamburger is 5. Let Pp be the price of a pizza and MUp be the marginal utility of pizzas.
 
  In consumer equilibrium, the ratio MUp/Pp for Sarah's last pizza must equal A) 0.2.
  B) 1.0.
  C) 5.0.
  D) infinity.

Question 2

A museum is NOT a public good if
 
  A) there can be no congestion.
  B) the museum receives donations from members of the public.
  C) an entry fee is charged and people are denied entry if they do not pay.
  D) the general public typically does not go to the museum.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

C

Answer to Question 2

C




luvbio

  • Member
  • Posts: 623
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

For a complete list of videos, visit our video library