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

Author Question: Stella's marginal utility of the last unit of X consumed is 18 and her marginal utility of the last ... (Read 54 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
Stella's marginal utility of the last unit of X consumed is 18 and her marginal utility of the last unit of Y consumed is 12 . What prices for X and Y, respectively, are consistent with Stella being in consumer equilibrium?
 a. 4 and 6
 b. 12 and 18.
  c. 15 and 15.
  d. 12 and 8.

Question 2

The negative slope of the demand curve of a resource indicates an inverse relationship between the price of the resource and the quantity demanded.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


captainjonesify

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 30, 2018
Correct answers!


duke02

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations) Schematic Diagram of the fluidized bed for the experiment (CHE415 Unit Operations)
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
This five-wire mass air flow sensor consists of a metal foil sensing unit, an intake air temperature ... This five-wire mass air flow sensor consists of a metal foil sensing unit, an intake air temperature ...
How to evaluate angles using sine, special triangles, the unit circle (Part 1) How to evaluate angles using sine, special triangles, the unit circle (Part 1)
Which of the following unit factors is not related to a 0.100 M NaBr solution? A Which of the following unit factors is not related to a 0.100 M NaBr solution? A
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library