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Author Question: Sierra likes chocolate-covered deviled eggs. After eating 10 chocolate-covered deviled eggs, she ... (Read 72 times)

Mollykgkg

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on: Apr 19, 2019

Question 1

The ratio of the marginal utility of tea to the marginal utility of scones is six for an individual maximizing utility. This implies that


◦ a scone is six times more valuable than a cup of tea.
◦ the tea to scones price ratio is one to six.
◦ the tea to scones price ratio is six to one.
◦ this person always eats scones with tea.

Question 2

Sierra likes chocolate-covered deviled eggs. After eating 10 chocolate-covered deviled eggs, she switches to strawberry ice cream covered in sauerkraut. We can conclude that


◦ the chocolate-covered deviled eggs made Sierra sick.
◦ the chocolate-covered deviled eggs now have a negative marginal utility.
◦ at this point, the chocolate-covered deviled eggs have a lower marginal utility per dollar spent than that of strawberry ice cream covered in sauerkraut.
◦ Sierra is minimizing her utility.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Mollykgkg on Apr 19, 2019

vboyd24

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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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Mollykgkg

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Reply #2 on: Apr 19, 2019
TY


vboyd24

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Reply #3 on: Apr 19, 2019
You're welcome


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