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

Author Question: Money income is A) market income plus cash payments from government. B) equal to market income. ... (Read 182 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Money income is
 
  A) market income plus cash payments from government.
  B) equal to market income.
  C) market income plus cash payments from government minus taxes.
  D) market income minus taxes.

Question 2

Joe consumes pizza and movies. He is currently spending his entire income and his marginal utility of pizza is 10 and his marginal utility of movies is 5.
 
  If the price of a pizza is 10 and the price of a movie is 5, then to maximize his utility Joe should A) increase consumption of pizza and decrease consumption of movies.
  B) increase consumption of movies and decrease consumption of pizza.
  C) not change his current bundle of movies and pizza.
  D) increase consumption of both goods.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Cat Got Money Cat Got Money
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library