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 140 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?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

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?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Humans have 23 pairs of chromosomes, containing 3 billion “letters” in the DNA code and about ... Humans have 23 pairs of chromosomes, containing 3 billion “letters” in the DNA code and about ...
The four pairs of paranasal sinuses. The four pairs of paranasal sinuses.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Virtual Enzyme Kinetics & Lineweaver Burk Plot

For a complete list of videos, visit our video library