Author Question: Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is ... (Read 112 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
Keesha consumes only milkshakes and burgers. At her consumer equilibrium, which of the following is TRUE when Keesha can buy any portion of a unit of a milkshake or burger?
 
  A) The marginal utility per dollar from a milkshake will exceed the marginal utility per dollar from a burger if she likes burgers more than milkshakes.
  B) The marginal utility per dollar from a burger will exceed the marginal utility per dollar from a milkshake if she likes burgers more than milkshakes.
  C) The marginal utility per dollar will be the same for each good.
  D) The marginal utility will be the same for each good.

Question 2

The simplest prisoners' dilemma is a game that, in part, requires
 
  A) two players who are able to communicate with each other.
  B) two players who are unable to communicate with each other.
  C) monopolistic competition.
  D) an oligopoly with one very large firm.



marict

  • Sr. Member
  • ****
  • Posts: 304
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?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library