Business, 24.12.2019 20:31 lanaiheart7

Assume tony's marginal rate of substitution (mrs) of x for y is 12 -that is, mux muy 12 -the price of x is $39, and the price of y is $3. tony is spending too much of his income on y. do you agree or disagree? ○ a. o b. o c. o d. disagree. the mu per dollar spent on x is less than the mu per dollar spent on y. he should substitute y for x to increase utility. disagree. the mu per dollar spent on x is greater than the mu per dollar spent on y. he should substitute yfor x to increase utility. agree. the mu per dollar spent on y is greater than the mu per dollar spent on x. he should substitute x for y to increase utility. agree. the mu per dollar spent on xis greater than the mu per dollar spent on y. he should substitute x for y to increase utility.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 14:20, kevinglvz

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

continue

Business, 22.06.2019 17:10, alexwlodko

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Answers: 1

continue

Business, 22.06.2019 22:00, ethanw8973

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.

Answers: 2

continue

Business, 22.06.2019 23:50, clickbaitdxl

Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?

Answers: 3

continue

You know the right answer?

Assume tony's marginal rate of substitution (mrs) of x for y is 12 -that is, mux muy 12 -the price o...