Assume a consumer can buy two goods, A and B, and that the prices are Pa and Pb respectively. The marginal utility of A is MUa and that of B is MUb. Which of the following expressions represents consumers' optimum utility maximization?
a. MU=MUbb. MUa * PA=MUb * Pbc. Pa/Pb=MUa/MUbd. PA * PB=MUa * Mube. MUa/MUb
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Assume a consumer can buy two goods, A and B, and that the prices are Pa and Pb respectively. The marginal utility of A is MUa and that of ...” 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
Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital gain of $15,000, and a charitable contribution of $5,000. Janice withdrew $70,000 of profit from Catbird.
Answers (1)
Describe a clinical situation where you were concerned (e. g., a higher incidence of falls, infections, errors, etc.) and where decisions were made to improve the situation. What sources of evidence were utilized to make the decision (e. g.
Answers (1)
One question you can expect to be asked during an interview is How did you get here Would you like a drink Why do you want to work for this company All the above
Answers (2)
If the steady-state unemployment rate for an economy is 5%, and each period 2% of employed workers lose their jobs, what percent of unemployed workers find employment each period? A. 8% B. 18% C. 28% D. 38% E. 48%
Answers (1)
If a bank has $200,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $80,000 in reserves, then what is the maximum deposit outflow it can sustain without altering its balance sheet?
Answers (1)
New Questions in Business
A consumer price index of 160 in 1996 with a base year of 1982minus-1984 would mean that the cost of the market basket A. equaled $160 in 1996. B. rose 60% from the cost of the market basket in the base year. C. equaled $160 in 1983. D.
Answers (2)
Which two factors directly affect the price of a stock
Answers (1)
Under the allowance method for estimating uncollectible accounts: A. a company sets up an Allowance for Uncollectible Accounts to estimate the amount of the receivables the company does not expect to collect. B.
Answers (1)
If you were to join the military, which one will you join? A. Navy B. Marines C. Air Force D. Army E. Coast Guard
Answers (2)
MCO Leather Goods manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $15 per hour.
Answers (1)