An optimizing consumer will select the consumption bundle in which the:
a. ratio of total utilities is equal to the relative price ratio.
b. ratio of income to price equals the marginal rate of substitution.
c. marginal rate of substitution is equal to the relative price ratio of the goods.
d. marginal rate of substitution is equal to marginal utility
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An optimizing consumer will select the consumption bundle in which the: a. ratio of total utilities is equal to the relative price ratio. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Another term that means the same thing as "insurance company" is: A. "insurance agent." B. "insurance broker." C. "the insurer." D. "the insured."
Answers (1)
uppose that the one-year forward dollar price of a euro is $1.36. Further, assume that the spot exchange rate is $1.28 per euro, and that the interest rate on dollar deposits is 6 percent.
Answers (1)
Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $148 each. A savings account pays 2% per year compounded quarterly. How much should Framing Art Inc.
Answers (1)
A customer has purchased 1,000 shares of ABC stock at $44 per share, paying a commission of $1.00 per share for the transaction. ABC stock declares a 20% stock dividend. When the dividend is paid, the tax status of the investment is:A.
Answers (1)
Most likely, the elasticity of demand for transportation is greater than the elasticity of demand for cars. a. True b. False previous next
Answers (1)
New Questions in Business
Maurice bought 25 shares of stock at $9.85 per share and sold them for $11.22 per share. What was his perchase price
Answers (1)
Where does money come from
Answers (2)
Accounts that are increased with a debit include A : revenue. B : assets. C : equity. D : liability.
Answers (1)
Jay is an 21 year old college senior. He reads on a financial blog that interest rates are being lowered by the Federal Reserve. Which of these situations might Jay decide to do based on this information?
Answers (2)
Your text discusses several challenges facing managers today. As Cook continues to grow Apple, he is likely to encounter which of those challenges?
Answers (1)