Suppose a consumer is trying to decide how much to spend on foodfood and how much to spend on all other (non-foodfood ) consumption. The economic model of consumer behavior predicts that the consumer will
A. choose the combination of foodfood and non-foodfood consumption that makes her as well off as possible from among the combinations of foodfood and non-foodfood items she can afford.
B. consume any combination of foodfood and non-foodfood consumption from among the combinations of foodfood and non-foodfood items she can afford.
C. consume an infinite amount of foodfood and non-foodfood consumption.
D. consume as much foodfood and as much non-foodfood consumption as she wants.
E. consume as much foodfood as she can afford without any non-foodfood consumption.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose a consumer is trying to decide how much to spend on foodfood and how much to spend on all other (non-foodfood ) consumption. The ...” 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
John Hamilton narrowed $500.000 from stone creek bank to open a new restaurant called sauce it up. John transferred $450,000 of the cash he narrowed to the restaurant the first day of the year.
Answers (1)
Walker Machine Tools has 6.5 million shares of common stock outstanding. The current market price of Walker common stock is $72 per share rights-on. The company's net income this year is $22.50 million.
Answers (1)
In washington state, how often is a vessel owner required to renew their vessel's registration card?
Answers (1)
For a particular competitive firm, the minimum value of average variable cost (AVC) is $12 and is reached when 200 units of output are produced.
Answers (1)
Carina has discovered a mixture of nutrients that can be added to soil to make plants grow larger and stronger. She would like to begin doing this kind of work professionally.
Answers (2)
New Questions in Business
What happens to supply when input costs go up? It increases because the good becomes cheaper to produce. It increases because the good becomes more expensive to produce. It decreases because consumers find a substitute product.
Answers (2)
In 2007 the Fitzu Co. had net credit sales of $750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of $16,000. During 2007, $30,000 of uncollectible accounts receivable were written off.
Answers (1)
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to the mean tells us that they will do well next year.' Is he correct?
Answers (1)
Do an interview with a business owner and request him / her to identify any business problem that they are experiencing
Answers (1)
Kenn City obtained a municipal landfill and passed a local ordinance that required the city to operate the landfill so that the costs of operating the landfill, as well as the capital costs, are to be recovered with charges to customers.
Answers (2)