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Author Question: The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an ... (Read 111 times)

folubunmi

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on: Apr 19, 2019

Question 1

A utility-maximizing consumer buys so as to make ________ for all pairs of goods.


◦ Px(
MUx) = 
Py(
MUv)
◦ TUx/
Px = 
TUy/
Py
◦ MUx/
MUy = 
Px/
Py
◦ MUx = 
MUy

Question 2

The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an individual maximizing utility. This implies that


◦ a donut is four times more valuable than a cup of coffee.
◦ the coffee to donuts price ratio is one to four.
◦ the coffee to donuts price ratio is four to one.
◦ this person always eats donuts with coffee.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by folubunmi on Apr 19, 2019

ecox1012

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Reply #1 on: Apr 19, 2019
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.
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folubunmi

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Reply #2 on: Apr 19, 2019
Excellent


ecox1012

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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