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

Author Question: If the price of steak rises, a consumer who had been maximizing his or her utility before will buy ... (Read 68 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: May 24, 2019
If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its
◦ total utility falls.
◦ ratio of marginal utility to price is now less than that for other goods.
◦ marginal utility has fallen.
◦ ratio of marginal utility to total utility falls.
◦ ratio of marginal utility to price is now larger than that for other goods.
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 burchfield96 on May 24, 2019

ktidd

  • Sr. Member
  • ****
  • Posts: 319
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


burchfield96

  • Member
  • Posts: 610
Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

  • Member
  • Posts:
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

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.
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Beef Rib Eye Steak Beef Rib Eye Steak
Skirt Steak Skirt Steak
Steak and chicken breast Steak and chicken breast
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library