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

Author Question: Marginal Utility per DollarAt Marcia's consumer equilibrium, she purchases 1 diamond and 5,840 ... (Read 97 times)

jenniferbaugh1984

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
Marginal Utility per Dollar

At Marcia's consumer equilibrium, she purchases 1 diamond and 5,840 bottles of water a year. If the price of diamonds is $7000 and the price of water is $0.75 and the total utility from purchasing one diamond is 11,840, what is the marginal utility Marcia receives from the 5,840th bottle of water? Please round your final answer to two decimal places.
◦ 11,840
◦ 1.27
◦ 7416.8
◦ 0.44
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jenniferbaugh1984 on Nov 23, 2022

my33251

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Nov 23, 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 64% of students answer this correctly


jenniferbaugh1984

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
A utility knife uses replaceable blades and can cut carpet and other materials. A utility knife uses replaceable blades and can cut carpet and other materials.
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library