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

Author Question: Suppose a consumer buys only food and clothing. If the quantity of food bought decreases while that ... (Read 106 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
Suppose a consumer buys only food and clothing. If the quantity of food bought decreases while that of clothing remains the same, their marginal utility from food will:
 a. fall relative to the marginal utility of clothing.
 b. rise relative to the marginal utility of clothing.
 c. rise, but not as fast as their marginal utility of clothing rises.
  d. fall, but not as fast as their marginal utility of clothing falls.

Question 2

The resource market comprises of households and firms where the firms sell their resources to the households.
 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

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another. Wild chimpanzees make and use simple tools to obtain food, learning tool making from one another.
Radiation Quantity and Quality Radiation Quantity and Quality
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet
Chewy: Finding Added Sugars on the Label A food Chewy: Finding Added Sugars on the Label A food
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Mexican food - Tacos with French fries Mexican food - Tacos with French fries
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library