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 358 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
YES! Correct, THANKS for helping me on my review

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach. Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach.
Queen Victoria and her family, and a pedigree showing the transmission of hemophilia in the British Queen Victoria and her family, and a pedigree showing the transmission of hemophilia in the British
The family of a soldier in the 31st Philadelphia Infantry camps near Washington, DC. Although both a The family of a soldier in the 31st Philadelphia Infantry camps near Washington, DC. Although both a
Many Factors Influence Your Food Choices Many Factors Influence Your Food Choices
Gui (grilled food) Bulgogi Gui (grilled food) Bulgogi
X-linked recessive inheritance of red-green color blindness in a family X-linked recessive inheritance of red-green color blindness in a family
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library