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 37 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
Wow, this really help

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea Determination of the complete genome sequence of Haemophilus influenzae by Venter, Smith, and collea
Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism
Sustainable Food Security Sustainable Food Security
Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Mexican food - Tacos with French fries Mexican food - Tacos with French fries
Video: Fermentation pathways

For a complete list of videos, visit our video library