subject
Business, 25.06.2021 03:50 kimbllumi

Paul consumes only books and DVDs. At his current consumption​ bundle, his marginal utility from DVDs is 21 and from books is 4 . Each DVD costs ​$11 ​, and each book costs ​$1 . Is he maximizing his​ utility? Explain. Let MU Subscript Upper B be the marginal utility of​ books, MU Subscript Upper D be the marginal utility from​ DVDs, Upper P Subscript Upper B be the price of​ books, Upper P Subscript Upper D be the price of​ DVDs, and MRS be the marginal rate of substitution. Paul is

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, jackiecroce1
Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t
Answers: 3
image
Business, 22.06.2019 13:30, starlodgb1971
Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?
Answers: 3
image
Business, 22.06.2019 20:20, Carloslogrono10
Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste
Answers: 2
image
Business, 22.06.2019 22:30, dontcareanyonemo
Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be:
Answers: 1
You know the right answer?
Paul consumes only books and DVDs. At his current consumption​ bundle, his marginal utility from DVD...

Questions in other subjects:

Konu
Mathematics, 19.11.2020 05:50
Konu
Mathematics, 19.11.2020 05:50
Konu
Biology, 19.11.2020 05:50
Konu
Mathematics, 19.11.2020 05:50