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

Maintanace, as an enterpreneur ,if given 50000 what business would you do?

as an enterpreneur ,if given 50000 what business would you do?

Entrepreneurship, requirements to start a small business

requirements to start a small business

Caselets, What should Mr. Sharma have done to avoid the misunderstanding?qu...

What should Mr. Sharma have done to avoid the misunderstanding?question #Minimum 100 words accepted#

Advantages and disadvantange of the line organisation, advantages and disad...

advantages and disadvantange of the line organisation

#title.Analyzing an organization using Nadler & Tushman’s Mo, Ask question ...

Ask question #Minimum 10Project Subject: Analyzing an organization using Nadler & Tushman’s Model 1- Use the Nadler & Tushman’s congruence model to describe your organization or an

Conceptual framework of diversity, Diversity is an increasingly important f...

Diversity is an increasingly important factor in organisational life as organisations worldwide are more diverse in terms of the gender, race, ethnicity, age, national origin and o

.integration of technology, Ask question locate and describe three technolo...

Ask question locate and describe three technological components that are required for data driven decision making. explain hoe each component is relevant to business analytics. des

Hnd, Judge how the business and cultural environments shape the behavior of...

Judge how the business and cultural environments shape the behavior of a selected organisation?

Business plan, We will make our business plan by considering all aspects of...

We will make our business plan by considering all aspects of business, from finance to entrepreneurial abilities, from human resource management to production and from marketing to

Marketing distribution, what is placing decision in distribution of market...

what is placing decision in distribution of marketing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd