This topic contains a solution. Click here to go to the answer

Author Question: When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost. ... (Read 65 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost.
  Indicate whether the statement is true or false

Question 2

If MUx / Px = MUY / PY, then _____.
 a. the consumer should purchase the same quantity of X and Y
  b. the consumer should purchase less of X
  c. the consumer is maximizing utility
  d. the consumer should purchase more of Y
  e. the consumer is minimizing utility



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Juro

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

F

Answer to Question 2

c




arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

 

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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

For a complete list of videos, visit our video library