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

Author Question: Suppose the price of jeans is $100 and the price of boots is $100. If Charles buys 3 pairs of jeans ... (Read 131 times)

Jkov05

  • Hero Member
  • *****
  • Posts: 556
on: May 24, 2019
Suppose the price of jeans is $100 and the price of boots is $100. If Charles buys 3 pairs of jeans and 2 pairs of boots each year,
◦ Charles cannot be maximizing utility.
◦ jeans must provide more marginal utility than boots.
◦ boots must provide more marginal utility than jeans.
◦ Charles must receive the same marginal utility from the 3rd pair jeans as he does from the 2nd pair of boots.
◦ Charles is not spending all of this budget.
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 Jkov05 on May 24, 2019

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
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


Jkov05

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: May 24, 2019
TY


Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Pairs of heavy and light chains combine to form a Y-shaped molecule Pairs of heavy and light chains combine to form a Y-shaped molecule
Jean-Michel Basquiat, Charles the First. Jean-Michel Basquiat, Charles the First.
Charles Bulfinch, Harrison Gray Otis House, Boston, Massachusetts. Charles Bulfinch, Harrison Gray Otis House, Boston, Massachusetts.
The 31 pairs of spinal nerves. The 31 pairs of spinal nerves.
Charles Manson Charles Manson
Hypothetical segregation of three pairs of chromosomes in meiosis I Hypothetical segregation of three pairs of chromosomes in meiosis I
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library