Bridget making the utility-maximizing choice, Business Management

Assignment Help:

Bridget has a limited income and consumes only wine and cheese; her current con- sumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units.

a. Is Bridget making the utility-maximizing choice?Why or why not?

b. Ifnot,what should she do instead?Why?

Related Discussions:- Bridget making the utility-maximizing choice

Reducing balance method and straight line method, Satine Enterprise Ltd. ...

Satine Enterprise Ltd. a) Reducing balance method: Year Depreciation Net Book Value 0 0 $25,000

Reseach nuclear energy from a global perspective., how can one examing this...

how can one examing this industry from a global perspective without getting plagiarism.

Explain the various modules in detail with example, Question 1 Normally wh...

Question 1 Normally when we review a potential software suppliers and we tend to focus only on the potential product's functionality and cost. Though these elements are significan

Marketing, How distribution is arranged to provide costumers convenience fo...

How distribution is arranged to provide costumers convenience for the hotel.

Discuss the functions of a theory in communication, QUESTION 1 What acc...

QUESTION 1 What according to you are the essentials of effective communication? QUESTION 2 List out and discuss the various factors that affect communication. QUEST

Functions of inventory control, 1. Ensure Timely Availability of Materials:...

1. Ensure Timely Availability of Materials: Inventory control helps is preventing delays due to lack of materials by ensuring regular supply of proper qualities of mater

Dumping and economics of scale, I need the assignment on dumping and extern...

I need the assignment on dumping and external economics of scale with presentation on power point and summary about these two topic in 1000 words

What is morale in terms of measurement, What is Morale in terms of measurem...

What is Morale in terms of measurement? Morale: Morale is level like either high or low or a measure of extent of voluntary cooperation illustrated by an individual or a

Organisational behavioure , For an organisation that you know well (e.g., t...

For an organisation that you know well (e.g., the organisation, where you are currently employed or for which you worked in the past), using the relevant concepts, theories and mod

Explain the importance of analyzing the personality, Question 1: Explai...

Question 1: Explain the importance of analyzing the personality of an individual in enhancing organizational performance. Question 2: Define organizational culture and

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages