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

Author Question: Sheryl is maximizing her utility. She notices that her marginal utility from the last package of ... (Read 96 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: May 24, 2019
Sheryl is maximizing her utility. She notices that her marginal utility from the last package of bubble gum consumed is greater than her marginal utility from the last package of mints consumed. This result means that the
◦ price of a package of gum is greater than the price of a package of mints.
◦ price of a package of mints is greater than the price of a package of gum.
◦ total utility of gum must be falling as more gum is consumed.
◦ total utility of mints must be falling as more mints are consumed.
◦ More information is needed to determine which, if any, 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 Mollykgkg on May 24, 2019

jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
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 50% of students answer this correctly


Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
Reply #2 on: May 24, 2019
Excellent


jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Nurse opens sterile package Nurse opens sterile package
Sheryl Crow - If It Makes You Happy Sheryl Crow - If It Makes You Happy
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library