Author Question: Keesha consumes only milkshakes and burgers. Once at her consumer equilibrium, what would happen if ... (Read 50 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
Keesha consumes only milkshakes and burgers. Once at her consumer equilibrium, what would happen if she changed her consumption by purchasing one more milkshake and one fewer burger?
 
  A) The marginal utility of a burger would decrease.
  B) The marginal utility of a milkshake would increase.
  C) The total utility from the consumption of both goods would decrease.
  D) all of the above

Question 2

In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to 4. In comparison to a competitive market the producer surplus would rise by
 
  A) 0.
  B) 5.
  C) 15.
  D) 20.



tkempin

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library