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

Author Question: When Ramona is in consumer equilibrium A) her total utilities of all goods are equal. B) she is ... (Read 59 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
When Ramona is in consumer equilibrium
 
  A) her total utilities of all goods are equal.
  B) she is maximizing her utility, given her income and the prices of goods and services.
  C) her total utility per dollar spent is equal for all goods.
  D) any change in prices would make her worse off.

Question 2

In the above figure, a sales tax of 1 per unit imposed on sellers ________ the price buyers pay and ________ the price that suppliers keep for themselves.
 
  A) affects; does not affect
  B) does not affect; affects
  C) does not affect; does not affect
  D) affects; affects


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
:D TYSM

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
What is the total number of valence electrons in a silicate ion, SiO32-? What is the total number of valence electrons in a silicate ion, SiO32-?
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library