An optimizing consumer will select the consumption bundle in which the:
a. ratio of total utilities is equal to the relative price ratio.
b. ratio of income to price equals the marginal rate of substitution.
c. marginal rate of substitution is equal to the relative price ratio of the goods.
d. marginal rate of substitution is equal to marginal utility
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An optimizing consumer will select the consumption bundle in which the: a. ratio of total utilities is equal to the relative price ratio. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Before placing a person on hold, it is important to first
Answers (1)
Rodriguez Corporation issues 13,000 shares of its common stock for $130,900 cash on February 20. Prepare journal entries to record this event under each of the following situations : 1) the stock has a $8 par value.
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Unlike leaders, managers: Question 15 options: inspire and motivate others to find their own solutions. are concerned with control and limiting the choices of others. are more concerned with what work gets done.
Answers (1)
The Fisher effect states that Group of answer choices any forward premium or discount is equal to the actual change in the exchange rate.
Answers (1)
New Questions in Business
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (1)
Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.
Answers (1)
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
Answers (1)