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 29 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
Gracias!

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: Griffith's experiments

For a complete list of videos, visit our video library