Is mary maximizing utility

Assignment Help Microeconomics

Reference no: EM131020741

Mary is buying corn chips and soda. She has 4 bags of corn chips and 5 bottles of soda in her shopping cart. The marginal utility of the fourth bag of corn chips is 10, and the marginal utility of the fifth bottle of soda is also 10. Is Mary maximizing utility? Briefly explain.

Reference no: EM131020741

Questions Cloud

Calculate the markup on variable costs : Calculate the markup on variable costs needed to achieve a target profit of $100,000.

What is the number of employed people in richville : What is the number of employed people in Richville? Explain how you got your answer. What is the number of unemployed people in Richville? Explain how you got your answer. What is the labor force equal to in Richville

Record the following transactions in the financial statement : Consider the three transactions shown in the financial statement effects template, below. Match each transaction to the descriptions that follow.

Create a strategic group map of industry : Create a Strategic Group map of industry using two broad characteristics- price and product-line. Use at least eight firms in this analysis.

Is mary maximizing utility : Mary is buying corn chips and soda. She has 4 bags of corn chips and 5 bottles of soda in her shopping cart. The marginal utility of the fourth bag of corn chips is 10, and the marginal utility of the fifth bottle of soda is also 10. Is Mary maxi..

Determine the corresponding z -transform : Determine the corresponding z -transform G(z) and the characteristic equation for this system. Using the bilinear transformation and Routh's Stability Criterion, determine the range of K for stability when the sampling time T = 0.25 s.

What are these configurations used for : Using your experiences with different kinds of networks, discuss your thoughts about the importance of visualization of the network, the design of the network in the overall success of a network installation or upgrade.

What''s the standard deviation of the firms returns : Returns for the Alcoff Company over the last 3 years are shown below. What's the standard deviation of the firm's returns?

Explain the major ethical implications of the study : Briefly summarize the main details of your chosen social psychology research study. Identify the main research method(s) used in the study - Explain whether or not you believe the research methodology that the researchers used in the study was the ..

User Account

All Pages