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Author Question: Stella's marginal utility of the last unit of X consumed is 18 and her marginal utility of the last ... (Read 42 times)

captainjonesify

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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


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duke02

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


captainjonesify

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Reply #2 on: Jun 30, 2018
Correct answers!


duke02

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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