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

Author Question: ________ buys so as to make MU x/ MU y= P x/ P yfor all pairs of goods. (Read 46 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Apr 19, 2019

Question 1

A person maximizes utility when he equalizes the ________ across products.


◦ total utility
◦ total utility per dollar spent
◦ marginal utility
◦ marginal utility per dollar spent

Question 2

________ buys so as to make 
MU
x/
MU
y = 
P
x/
P
y for all pairs of goods.


◦ A utility-minimizing consumer
◦ Every consumer
◦ A utility-maximizing consumer
◦ Only a consumer with an unlimited budget
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 scienceeasy on Apr 19, 2019

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
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 46% of students answer this correctly


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: Apr 19, 2019
Excellent

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The average adult has about 21 square feet of skin.

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.

homologous pairs homologous pairs
The Chemical Structure of DNA DNA is composed of nucleotide pairs. The Chemical Structure of DNA DNA is composed of nucleotide pairs.
Couples whose marriages have become distant or hostile can make changes in their patterns of ... Couples whose marriages have become distant or hostile can make changes in their patterns of ...
The four pairs of paranasal sinuses. The four pairs of paranasal sinuses.
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 ...
Severe arthritis can make everyday activities, like writing, typing, and handling objects Severe arthritis can make everyday activities, like writing, typing, and handling objects
Video: Phases of mitosis

For a complete list of videos, visit our video library