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

Author Question: The Smith family is allocating its monthly household expenditure between only two goods, food and ... (Read 127 times)

elarge

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022
The Smith family is allocating its monthly household expenditure between only two goods, food and clothing. Suppose the price of food is $12 per unit, the price of clothing is $16 per unit, and the marginal utility the family is receiving from its consumption of clothing is currently 200. What is the family's marginal utility from its consumption of food if it is maximizing its utility?
◦ 12
◦ 150
◦ 200
◦ 75
◦ 16
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by elarge on Oct 12, 2022

kuttz

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Oct 12, 2022
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 29% of students answer this correctly


elarge

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

The patient and his family meet with the nurse to discuss progress on the patient care plan. The patient and his family meet with the nurse to discuss progress on the patient care plan.
Joseph Moore and His Family (1839), by Erastus Salisbury Field, reflects the emerging middle-class f Joseph Moore and His Family (1839), by Erastus Salisbury Field, reflects the emerging middle-class f
Should society strive to achieve equality in the family? Should society strive to achieve equality in the family?
The movement of a bolus of food from the mouth to the stomach via the esophagus. The movement of a bolus of food from the mouth to the stomach via the esophagus.
High stress, by household type (age-standardized), age 18+, Canada, 1994-1995 High stress, by household type (age-standardized), age 18+, Canada, 1994-1995
Food Digestion Times Food Digestion Times
Video: Cardiac Cycle (Part 4 of 4)

For a complete list of videos, visit our video library