+1-415-670-9189
info@expertsmind.com
What happens to the mrs
Course:- Business Economics
Reference No.:- EM13149065





Assignment Help >> Business Economics

A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y? b) If the MRS between X and Y is 3 and the marginal utility of Y is 3, what is the marginal utility of X? c) If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Write a ~350 word essay explaining which process your believe is preferable in a democracy and why (either choice is fine as long as it is well supported): the hybrid process
What would it take for a point beyond the PPF to ultimately become attainable? Name an important assumption associated with the PPF. Why are models such as the PPF which requi
There are problems faced by regulators in setting price for a natural monopoly. There are different regulatory options for setting prices: price equal marginal cost; price equ
What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight lo
Discuss the convergence of European nations after 1945 and compare this phenomenon with the current trend of divergence that currently exists between Europe and the United Sta
If Malcolm Fights, both politicians gets a payoff of 30. If Malcolm opts to Negotiate, the payoffs are 15 to Malcolm and 15 to Tony. What are the Nash equilibria of the game
Suppose Paula consumes both 87 and 89 octane gasoline. Assume that before the recent price increases, Paula paid $3.00/gallon for 87 octane and $3.10/gallon for 89 octane. The
The emerging markets elected to accumulate vast sums of foreign assets in the 2000s. How did (real) interest rates evolve over this period? How can one explain them using a si