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Author Question: Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and ... (Read 109 times)

littleanan

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on: Jun 29, 2018
Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus
 
  A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten.
  B) the price of a hot dog and the price of a hamburger must be the same.
  C) she must be eating the same number of hot dogs and hamburgers.
  D) Both answers B and C are correct.

Question 2

A proprietorship is a firm with
 
  A) two or more owners who both have unlimited liability.
  B) a single owner who has limited liability.
  C) a single owner who has unlimited liability.
  D) many owner all of whom have limited liability.


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lkoler

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

B

Answer to Question 2

C


littleanan

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Reply #2 on: Jun 29, 2018
Correct answers!


lkoler

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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