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Author Question: Suppose the price of jeans is $100 and the price of boots is $100. If Charles buys 3 pairs of jeans ... (Read 81 times)

Jkov05

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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
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Marked as best answer by Jkov05 on May 24, 2019

Meganchabluk

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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.
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Jkov05

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Reply #2 on: May 24, 2019
TY


Meganchabluk

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Reply #3 on: May 24, 2019
You're welcome


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