Business, 17.01.2020 21:31 russboys3

The price of lemonade is $0.50; the price of popcorn is $1.00. if fred has maximized his utility by purchasing lemonade and popcorn, his marginal rate of substitution will be

a. 2 lemonades for each popcorn.
b. 1/2 lemonade for each popcorn.
c. 1 lemonade for each popcorn.
d. indeterminate unless more information on fred's marginal utilities is provided.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:30

How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.

Answers: 1

Answer

Business, 22.06.2019 11:30

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?

Answers: 1

Answer

Business, 22.06.2019 12:00

Identify at least 3 body language messages that project a positive attitude

Answers: 2

Answer

Business, 22.06.2019 19:10

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.

Answers: 1

Answer

You know the right answer?

The price of lemonade is $0.50; the price of popcorn is $1.00. if fred has maximized his utility by...

Questions