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

Author Question: When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost. ... (Read 69 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Past and current ranges of the grizzly bear. Past and current ranges of the grizzly bear.
As a result of sharing its environment with humans, this macaque had the opportunity to steal an ast As a result of sharing its environment with humans, this macaque had the opportunity to steal an ast
Decision Making Decision Making
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Cost of Going to School Cost of Going to School
The karyotype of a triploid individual contains three copies of each chromosome. The karyotype of a triploid individual contains three copies of each chromosome.
Video: Mutations and translation

For a complete list of videos, visit our video library