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

Author Question: Assume the price of beer is 4, the price of pizza is 10 and the consumer's income is 250. Which ... (Read 39 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Assume the price of beer is 4, the price of pizza is 10 and the consumer's income is 250. Which consumption bundle will NOT be the consumer's choice?
 
  A) 5 Beer, 5 Pizza
  B) 0 Beer, 25 Pizza
  C) 25 Beer, 15 Pizza
  D) None of the bundle will be chosen.

Question 2

By selecting a bundle where MRS = MRT, the consumer is saying
 
  A) I value my last unit of each good equally.
  B) I am willing to trade one good for the other at the same rate that I am required to do so.
  C) I will equate the amounts spent on all goods consumed.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Vegetables are a low-saturated-fat topping for pizza Vegetables are a low-saturated-fat topping for pizza
Capital’s Share of Income in a Cross-Section of Countries Capital’s Share of Income in a Cross-Section of Countries
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Global warming and its effect on climate change

For a complete list of videos, visit our video library