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Author Question: Geneva is spending her entire income on goods X and Y. Her marginal utility from the last units of X ... (Read 118 times)

javeds

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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
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Marked as best answer by javeds on Apr 19, 2019

cclemon1

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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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javeds

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Reply #2 on: Apr 19, 2019
Thank you!


cclemon1

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Reply #3 on: Apr 19, 2019
Always glad to help...


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