In addition to preferences a consumerrsquos choice is, Ask an Expert

Economics

In addition to preferences, a consumer’s choice is further constrained by

A. an equilibrium market where utility is minimized

B. a rising marginal utility curve

C. income and commodity prices

D. nothing

E. the face that the optimal market basket is rarely the equilibrium market basket

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236099

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the american cancer society acs is a nationwide

Question: The American Cancer Society (ACS) is a nationwide, community-based, voluntary health organization dedicated to eliminating cancer as a major health problem. Together with its supporters, ACS is committed to hel ...

Question hypothetically imagine if us abolishes 100 bill

Question: Hypothetically, imagine if US abolishes $100 bill and replace it with a different bill. What according to you will be the repercussion of such a change of domestic market and international market. (Do research, ...

Question oil prices have risen temporarily due to political

Question: Oil prices have risen temporarily, due to political uncertainty in the Middle East. An advisor to the Fed suggests, "Higher oil prices reduce aggregate demand. To offset this we must increase the money supply. ...

Question suppose inputs are only substitutable at two units

Question: Suppose inputs are only substitutable at two units of labor for every one unit of capital and one unit of output is produced for every unit of labor or 1/2 unit of capital. What would be the equation for the pr ...

Question a how is full employment defined and why does the

Question: (A) How is full employment defined, and why does the full-employment rate of unemployment keep changing? (B) In December 1998, the BLS reported the following unemployment rates: 1. Unemployed over 15 weeks 1.1% ...

Question you are the human resources manager for a famous

Question: You are the human resources manager for a famous retailer and are trying to convince the president of the company to change the structure of employee compensation. Currently, the company's retail sales staff is ...

Question identify at least two effective marketing

Question: Identify at least two effective marketing strategies for helping companies avoid "marketing blunders" for their products or services in foreign countries. Outline the pros (advantages) and cons (disadvantages) ...

Question many critics of government programs to help low

Question: Many critics of government programs to help low income individuals argue that these programs create a poverty trap. Explain how programs such as TANF, EITC, SNAP, and Medicaid will affect low-income individuals ...

Question an electricity producer owns two plants fixed in

Question: An electricity producer owns two plants (fixed in size) but can burn different amounts of fuel in each of them to produce electricity. It must produce a certain amount of electricity or the area will be blacked ...

Question 1 how many ratios of exchange would an individual

Question: 1. How many ratios of exchange would an individual have to cope with in a barter economy with 276 different items available for exchange? 2. How many absolute prices would there be if one of the items available ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert