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Author Question: When a consumer maximizes utility subject to a limited income, she allocates income across goods to ... (Read 126 times)

HudsonKB16

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on: Jun 30, 2018
When a consumer maximizes utility subject to a limited income, she allocates income across goods to the point that:
 a. the marginal price is the same for all goods.
 b. marginal utility is zero.
 c. marginal utility is negative.
 d. the marginal utility per dollar spent is the same for all goods.

Question 2

Intel microchips are an input in the production of a computer. When the demand for the computer declines:
 a. the quantity demanded of Intel microchips increases.
  b. the quantity demanded of Intel microchips declines.
  c. the demand for Intel microchips increases.
  d. the demand for Intel microchips decreases.
  e. there is no change in the demand for the Intel microchips.


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essyface1

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

d

Answer to Question 2

d


HudsonKB16

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


essyface1

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


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