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

Author Question: For David, the marginal utility from an additional car is 2,000 units and the marginal utility from ... (Read 75 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: May 24, 2019
For David, the marginal utility from an additional car is 2,000 units and the marginal utility from an additional vacation is 1,000 units. David is allocating all his budget. Hence to maximize his utility, David will
◦ shift his consumption from the vacation to the car.
◦ shift his consumption from the car to the vacation.
◦ save his budget by not spending it until he can afford both the car and the vacation.
◦ buy both the car and the vacation now.
◦ possibly do something, but there is not enough information available to determine what he would do.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by magmichele12 on May 24, 2019

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: May 24, 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 49% of students answer this correctly


magmichele12

  • Member
  • Posts: 559
Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

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?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

IgM pentamer of immunoglobulin units IgM pentamer of immunoglobulin units
Jacques-Louis David, The Death of Socrates. Jacques-Louis David, The Death of Socrates.
Additional Disorders of the Skeletal System Additional Disorders of the Skeletal System
Repeating Units of DNA and RNA Repeating Units of DNA and RNA
How to convert between imperial and metric units (Part 3) How to convert between imperial and metric units (Part 3)
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Apicomplexan life cycle Animation

For a complete list of videos, visit our video library