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

Author Question: The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an ... (Read 74 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by folubunmi on Apr 19, 2019

ecox1012

  • Sr. Member
  • ****
  • Posts: 344
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.
Answer Preview
Only 29% of students answer this correctly


folubunmi

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Apr 19, 2019
Excellent


ecox1012

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Ground coffee magnified Ground coffee magnified
Coffee and music Coffee and music
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio. The averaging of an auditory evoked potential. Averaging increases the signal-to-noise ratio.
Video: DNA Replication

For a complete list of videos, visit our video library