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

Author Question: The consumption bundle that maximizes a consumer's satisfaction given his income is located: A) ... (Read 86 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 29, 2018
The consumption bundle that maximizes a consumer's satisfaction given his income is located:
 
  A) at the point of tangency of the consumer's demand curve and indifference curve.
  B) at any point of intersection of the consumer's demand curve and indifference curves.
  C) at the point of tangency of the consumer's budget constraint and indifference curve.
  D) at any point of intersection of the consumer's demand curve and indifference curves.

Question 2

According to your text, who among the following have a comparative advantage in providing information that reduce transaction costs?
 
  A) The consumer
  B) The bureaucrat
  C) The middleman
  D) The career politician


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
:D TYSM

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Gravitational Redshift The color of light from the same object located at diffe Gravitational Redshift The color of light from the same object located at diffe
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ... Notice that there are conditions when the port fuel-injector, located in the intake manifold, and ...
Global energy consumption is rising rapidly Global energy consumption is rising rapidly
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library