This topic contains a solution. Click here to go to the answer

Author Question: Suppose an individual's MRS (of steak for beer) is 2:1 . That is, at the current consumption choices ... (Read 92 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
Suppose an individual's MRS (of steak for beer) is 2:1 . That is, at the current consumption choices he or she is willing to give up 2 beers to get an extra steak. Suppose also that the price of a steak is 1 and a beer is 25. Then in order to increase utility the individual should
 a. buy more steak and less beer.
  b. buy more beer and less steak.
  c. continue with current consumption plans.
  d. Not enough information to answer the question.

Question 2

In profit centers
 a. Managers are easy to evaluate because there is a simple metric of how well they performed
  b. Managers typically do not have the information to run their division efficiently
  c. Managers' decisions rarely affect other divisions
  d. Managers typically do not have the incentives to run their division efficiently



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hugthug12

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

b

Answer to Question 2

a




jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

For a complete list of videos, visit our video library