This topic contains a solution. Click here to go to the answer

Author Question: If John consumes only two goods, A and B, and he is maximizing his utility subject to his budget constraint, (Read 92 times)

nods

  • Full Member
  • ***
  • Posts: 141

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/MUequals zero.
◦ MUA/MUB equals the ratio of the price of A to the price of B.


Related Topics

Need homework help now?

Ask unlimited questions for free

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

LynellDool

  • Full Member
  • ***
  • Posts: 165
    • i thought about discounts
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 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

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library