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

Author Question: If a consumer has allocated his or her budget and found the combination of goods where all marginal ... (Read 79 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: May 24, 2019
If a consumer has allocated his or her budget and found the combination of goods where all marginal utilities divided by price are equal, what would happen if the consumer were forced to consume some other combination of goods? The consumer
◦ will definitely have higher total utility.
◦ will definitely have lower total utility.
◦ will definitely not experience any change in total utility.
◦ might be have higher, lower, or the same total utility, but more information is needed to determine which.
◦ None of these answers is correct.
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 APUS57 on May 24, 2019

polinasid

  • Sr. Member
  • ****
  • Posts: 344
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 56% of students answer this correctly


APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: May 24, 2019
Excellent


polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Three Mechanisms of Gene Transfer Found in Bacteria Three Mechanisms of Gene Transfer Found in Bacteria
The tiger, Panthera tigris, was historically found throughout much of Asia, but at low population de The tiger, Panthera tigris, was historically found throughout much of Asia, but at low population de
Energy budget for a temperate deciduous forest (data from Gosz et al. 1978). Energy budget for a temperate deciduous forest (data from Gosz et al. 1978).
Juvenile American alligator swimming, showing the distinctive yellow striping found on juveniles Juvenile American alligator swimming, showing the distinctive yellow striping found on juveniles
Phosphorus in Phospholipids Phosphorus makes up part of the phospholipids found in cell membranes Phosphorus in Phospholipids Phosphorus makes up part of the phospholipids found in cell membranes
Shallow Hal Soundtrack 07 Baby, Now That I've Found You - The Foundations Shallow Hal Soundtrack 07 Baby, Now That I've Found You - The Foundations
Video: Knee Animation

For a complete list of videos, visit our video library