Please explain the utility maximizing rule for consumers if, Ask an Expert

Others

Please explain the utility maximizing rule for consumers. If you have $10, price of product A is $1, and price of product B is $2, and you bought 4 product A and 3 product B. In this situation, your total utility of 3 product A is 12, and that of 4 product A is 18, and your total utility of 2 product B is 15 and that of 3 product B is 33. Is your consumption of product A and product B maximizing your utility? If that is not, what is your recommendation?

View complete question

Homework Help/Study Tips, Others

Category:- Homework Help/Study Tips
Reference No.:- M9892234

Have any Question?Write your Review or question?

Related Questions in Homework Help/Study Tips

Question comparative advantage vs new trade theoryread

Question: Comparative Advantage Vs. New Trade Theory Read Carbaugh (2017), Chapters 2 & 3 (attached) , and view Paul Krugman's 2008 Nobel Prize speech. (link below) In a critical essay, compare and contrast the theory of ...

Assignment -a new floating aquaculture facility has been

Assignment - A new floating aquaculture facility has been proposed in Long Island Sound in deep water directly south of the Connecticut River. This facility will be a moored facility - anchored by a four-legged tubular s ...

Short answers questions1- what are the effects of race and

Short answers questions: 1- What are the effects of Race and class in shaping a child's personality? 2- Does Macionis claim that watching TV -(remember media is the 4th agent of socialization)- is harmful for children? e ...

Question you must find two different articles from two

Question: You must find two different articles from two different sources that pertain to business. Articles must be dated within one month from the present. For the assignment, please type a one page, double-spaced summ ...

An important purpose of this assignment is to examine what

An important purpose of this assignment is to examine what the different branches and layers of government do to address a policy using a current issue to illustrate it. Complete a research essay on the government and na ...

Individual reportafter reading your textbooks chapter 7 and

Individual Report: After reading your textbook's chapter 7 and your Lecture 6, please answer all the following questions within your IR #3: (give equal value to each question in your report) 1- In your opinion, are Ameri ...

Question utilize the topic 6 readings to create a

Question: Utilize the Topic 6 Readings to create a PowerPoint presentation of five to six slides on the Progressive Era. Be sure to cite and reference all sources. Include slide notes in your presentation slides. Additio ...

Assignmentthe purpose of this assignment is twofold first

Assignment The purpose of this assignment is twofold: first, to enable you to explore a term (concept, technique, place, etc.) related to this week's theme of sustaining Earth's biodiversity and ecosystems; second, to pr ...

Question analyze the health status of a specific minority

Question: Analyze the health status of a specific minority group. Select a minority group that is represented in the USA. The response must be typed, single spaced, must be in times new roman font (size 12) and must foll ...

Question course application securityresearch the internet

Question: Course: Application Security Research the Internet to obtain information on Windows Group Policies and the Group Policy Editor. • Review the critical considerations to prepare a procedure guide. • Organize all ...

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 Homework Help/Study Tips Expert