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

Author Question: Geneva is spending her entire income on goods X and Y. Her marginal utility from the last units of X ... (Read 117 times)

javeds

  • Hero Member
  • *****
  • Posts: 570
on: Apr 19, 2019

Question 1

Adriana is maximizing her utility. Her 
MU
x/
P
x = 10 and 
MU
y = 60. Then the price of Y must be


◦ $1.
◦ $6.
◦ $10.
◦ $60.

Question 2

Geneva is spending her entire income on goods X and Y. Her marginal utility from the last units of X and Y that she consumes is 36. Geneva's utility is only maximized if


◦ the prices of X and Y are the same.
◦ the price of good X is twice that of good Y.
◦ the price of good Y is twice that of good X.
◦ We cannot determine whether Geneva is maximizing her utility.
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 javeds on Apr 19, 2019

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
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 64% of students answer this correctly


javeds

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Apr 19, 2019
Thank you!


cclemon1

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Effleurage to the entire area with moderate pressure as a finishing technique. Apply effleurage ... Effleurage to the entire area with moderate pressure as a finishing technique. Apply effleurage ...
Bidirectional Thumb Pressure on Plantar Surface. Apply bidirectional thumb pressure over the entire ... Bidirectional Thumb Pressure on Plantar Surface. Apply bidirectional thumb pressure over the entire ...
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Video: Rena arc construction

For a complete list of videos, visit our video library