Question: Hi, how do i explain this? Any diagrams will be welcomed. For two products A and B, it will be irrational for a comsumer not

For two products A and B, it will be irrational for a

Hi, how do i explain this? Any diagrams will be welcomed.

For two products A and B, it will be irrational for a comsumer not to buy more of product A and less of product B if the marginal utility of A exceeds the marginal utility of B at their last units of consumptlon_ True, false or uncertain? Explain.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Please the following Question: Case Issues: 1. Issue: Reliance on the iPhone and iPad Has been reliant on the iPhone as its primary source of revenue. Plan option: Can they promote the iPhone more?...

Interviewee: Ithink advertising, like news, provides consumers with specific information about products. This information can help consumers choose products, services, brands and so on. Consumers can...

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

The University of Southern Mississippi College of Science & Technology IET 670 Section: G001 Supply Chain Design & Management Midterm Exam Full Points: 100 Student ID: Name: Closed book closed notes...

Question 1 1) With the aid of diagrams, explain the following types of Cost a. Fixed cost b. Stepped fixed cost c. Variable cost d. Semi-variable cost II) Adobe Ltd recorded the following data for a...

11-30 Relevant Cost Exercises Each of the following situations is independent: a. Make or Buy Terry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer...

Hi, attached are the questions I need solutions for. I'm hoping someone can help me quickly. I particularly need one for questions 3 and 4. Please get back to me as soon as possible. This is for...

Hi There, I need help to solve the attached questions. They have already published by the other student too. I appreciate if you help me. External Auditing SCS 2331-020 Assignment #1- Due Session 5-...

Each of the following situations is independent: a. Make or Buy Terry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to provide...

Hi Josh200, Are you able to help withe the 6 questions attached? Thanks! Barbco Engineering Co.: Strategy-Driven Costing and Lean Management HISTORY, CHANGE, AND ENSUING LOSS Reading the 2008...

Mr. Carter is the manager of Simmons Farm and Seed Company, a wholesaler of fertilizer, seed, and other farm supplies. The company has been successful in recent years primarily because of great...

On March 1, 2009, Washington Gas & Electric issued $80,000,000 of 20-year, 6% debentures. Proceeds were $71,458,000, implying a market interest rate of 7%. (Enter all currency amounts in whole...

The arc of the parabola y = 5 x 2 from ( 2 , 2 0 ) to ( 6 , 1 8 0 ) is rotated about the y - axis. Find the area of the resulting surface. solution 1 Using y = 5 x 2 and dy dx = we have, from this...

Bad-Debt Reporting Marvin Company is a subsidiary of Hughes Corp. The controller believes that the yearly allowance for doubtful accounts for Marvin should be 2% of net credit sales. The president,...

What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of a period?

Income statement data for Grendel Images Company for the years ended December 31, 2010 and 2009 are as follows: (a) Prepare a comparative income statement with horizontal analysis, indicating the...

Presented below are selected transactions of Santos Company. Santos sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on...

On May 2, George Company lends $7,600 to Takei, Inc., issuing a 6-month, 9% note. At the maturity date, November 2, Takei indicates that it cannot pay. Instructions (a) Prepare the entry to record...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

2. To store it and

3. Give three examples from your own everyday life where a piece of communi-cation is structured into a linear sequence, i.e. B is the cause of A.

2. What information is conveyed through a particular type of metaphor? The answer to the question gives us insight into what code the person using the metaphor uses, and thus an insight into how...