Business
Business, 22.06.2021 21:50, ksa23

Melika spends all her income on two goods, magazines and carry-out lunches. The price of a magazine is $5, and the price of a carry-out lunch is $7. At the current consumption bundle, the marginal utility of magazines is 10, and the marginal utility of carry-out lunches is 21. To maximize utility given her income, Melika should: Group of answer choices increase her consumption of carry-out lunches and decrease her consumption of magazines. increase her consumption of magazines and decrease her consumption of carry-out lunches. consume equal amounts of magazines and carry-out lunches. continue to consume the current bundle.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 23:30, reddmeans6
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
image
Business, 23.06.2019 00:30, aek02
You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?
Answers: 1
image
Business, 23.06.2019 02:40, emma2827
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?
Answers: 2
image
Business, 23.06.2019 03:30, nae878
What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?
Answers: 2
Do you know the correct answer?
Melika spends all her income on two goods, magazines and carry-out lunches. The price of a magazine...

Questions in other subjects:

Konu
Mathematics, 04.11.2020 02:40