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Author Question: If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint, (Read 54 times)

nods

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on: Oct 12, 2022

Question 1

If consumption of an extra unit of some good generates a marginal utility of zero, then consumption of that additional unit would mean that total utility would
◦ be decreasing.
◦ be increasing.
◦ also be zero.
◦ not change.
◦ be negative.

Question 2

If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint,
◦ MUA/MUB equals 1.
◦ MUA/MUB equals the ratio of the total utility of A to the total utility of B.
◦ MUA/MUB is at a maximum.
◦ MUA/MUB equals zero.
◦ MUA/MUB equals the ratio of the price of A to the price of B.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by nods on Oct 12, 2022

LynellDool

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    • i thought about discounts
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.
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Only 56% of students answer this correctly

When you can make use of a promotion on an already discounted object, all of the greater. why not find out more

nods

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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