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 95 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
Thanks for the timely response, appreciate it


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

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?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

For a complete list of videos, visit our video library