This topic contains a solution. Click here to go to the answer

Author Question: A consumer satisfies the condition ________ when her indifference curve is just tangent to her ... (Read 64 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591

Question 1

Harry tells you that he prefers Pepsi to Coke, Coke to 7-UP, and 7-UP to Pepsi. This violates what assumption made when analyzing consumer preferences?


◦ that more is better
◦ that there is a diminishing marginal rate of substitution
◦ that consumers are rational
◦ that consumers are able to choose among all the combinations of goods and services available

Question 2

A consumer satisfies the condition ________ when her indifference curve is just tangent to her budget constraint.


MU
x = 
MU
y
TU
x = 
TU
y
MU
x/
P
x = 
MU
y/
P
y
TU
x/
P
x = 
TU
y/
P
y


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nautica902 on Apr 19, 2019

mcni194

  • Sr. Member
  • ****
  • Posts: 311
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 25% of students answer this correctly




nautica902

  • Member
  • Posts: 591
Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library