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

Author Question: A consumer satisfies the condition ________ when her indifference curve is just tangent to her ... (Read 68 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Apr 19, 2019

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
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 nautica902 on Apr 19, 2019

mcni194

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


nautica902

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

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
The Pantanal, Brazil, seen here in flood condition, is a critical jaguar range area. The Pantanal, Brazil, seen here in flood condition, is a critical jaguar range area.
Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition. Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition.
Placenta previa. The condition is caused by the development of the placenta over the cervical canal, Placenta previa. The condition is caused by the development of the placenta over the cervical canal,
Oxygen dissociation curve Oxygen dissociation curve
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library