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

Author Question: Effect of Prices on the Marginal Rate of SubstitutionThe graph shows the effect on consumption after ... (Read 213 times)

nods

  • Full Member
  • ***
  • Posts: 141
on: Nov 23, 2022
Effect of Prices on the Marginal Rate of Substitution

The graph shows the effect on consumption after a decrease in price for soap.

Assume that Q1=15, Q2=19, Q3=25, Q4=7, Q5=13, and Q6=18. At the original price, Sally consumes at point A and after the price change, Sally consumes at point C. Because of the price change, Sally increases her consumption of soap by ________ bottles: ________ bottles represent an increase due to the substitution effect and ________ bottles represent an increase due to the income effect.
◦ 18, 7, 13
◦ 11, 6, 5
◦ 18, 13, 7
◦ 11, 5, 6
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 nods on Nov 23, 2022

Harsh06

  • Full Member
  • ***
  • Posts: 162
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 42% of students answer this correctly


nods

  • Member
  • Posts: 141
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

The Seringapatam medal shows a lion defeating a tiger The Seringapatam medal shows a lion defeating a tiger
Photomicro graph showing the three layers of the skin. Photomicro graph showing the three layers of the skin.
Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction Effect of substrate concentration on the initial velocity of an enzyme-catalyzed reaction
Effect of a catalyst on activation energy Effect of a catalyst on activation energy
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Rate order question Rate order question
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library