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

Author Question: Juanita is spending her entire income on goods X and Y. Her marginal utility from the last unit of X ... (Read 210 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Apr 19, 2019

Juanita is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 50 and the marginal utility from the last unit of Y that she consumes is 100. Juanita'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 Juanita 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 Ebrown on Apr 19, 2019

Jossy

  • Sr. Member
  • ****
  • Posts: 336
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 30% of students answer this correctly


Ebrown

  • Member
  • Posts: 567
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
A functional renal unit. A functional renal unit.
Apply oil or lotion to the entire leg with effleurage. Use light to medium pressure to warm ... Apply oil or lotion to the entire leg with effleurage. Use light to medium pressure to warm ...
Income per Capita versus Inequality Income per Capita versus Inequality
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Illustrated correlation between the Mendelian postulates of unit factors Illustrated correlation between the Mendelian postulates of unit factors
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library