Questions Answered

mukanga:
what is the marginal rate of substitution at point a possible answers 6, 2/6 , 2, 1/2
 updated one year ago
 3 replies
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shivamamity:
IN January MR.Z HAD 100$ TO SPEND .THE cost OF A WAS 1$, WHILE COST of B $2. MR. Z BOUGHT 30 B AND 40 A...IN February MR.Z HAD AGAIN 100$ T…
 updated one year ago
 3 replies
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GoldRush18:
Suppose Sandra has $16.00 to spend only on ripe bananas and plums. Ripe bananas cost $0.80 each and plums cost $0.20 each.
a. write down the…
 updated one year ago
 8 replies
 2 Medals

possible.frank:
Please explain what a Giffen good is and how it violates laws of demand?
 updated one year ago
 3 replies
 1 Medal

NatalieLove:
Firms are motivated to minimize production costs because:
…
 updated one year ago
 3 replies
 1 Medal

shivamamity:
i have problem in calculating MRS (marginal rate of substitution) from MU(marginal utility). please explain with example ?
 updated one year ago
 5 replies
 2 Medals

chlee:
How Interest rate is confirm?
 updated one year ago
 3 replies
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navneet.casspir:
Why Marginal Rate of Substitution must to equal the ratio of price of 2 given goods for the consumer to achieve maximum satisfaction?
 updated 8 months ago
 3 replies
 1 Medal