Consumption pattern matching demand prices

A house-hold maximizes the satisfaction it derives from the given income by: (i) Buying lottery tickets to save more wealth. (ii) The consumption pattern which matches demand prices with the market prices. (iii) Consuming goods and hence every good is enjoyed uniformly. (iv) Selling all possible resources to maximize income.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : What is Imperfect data Imperfect data :

Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b

Q : Determine competitive price of purely

In this demonstrated figure purely competitive lumber mill’s generic 2×4s now sell for: (1) $3.60 each. (2) $3.00 each. (3) $2.70 each. (4) $2.40 each. (5) $2.10 each.

Q : Demand of a competitive firm The

The competitive firm will demand more labor when: (i) Technological advances support automation. (ii) The price of firm's output increases. (iii) More firms enter in the industry. (iv) The value of marginal product is beneath the wage rate. (v) Worker

Q : Relatively market power The firm from

The firm from the given list with relatively the most market power would probably be: (w) General Motors. (x) the world's biggest wheat farm. (y) a gas station in Wayout, Wyoming that has no competitors into 70 miles. (z) the BestBuy in Durham, North

Q : Pure competition and monopolistic

Monopolistically competitive and purely competitive industries tend to be described by: (i) important economies of scale in production. (ii) many potential buyers and sellers. (iii) horizontal demand curves facing each firm. (iv) conscious interdepend

Q : Psychic Income problem Assume that a

Assume that a few years after graduating, life as an investment banker became very frustrating that you switched careers to work as the professional cat walker, and were happier even although your annual income fell much than 80 percent. Your decreased money income is

Q : Monopsony Power- Labors demand When

When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (p) Forty workers at an average salary of $700 per we

Q : Simultaneously and automatically

When fear that giant firms will default onto their debts drives down the prices of corporate bonds, in that case: (w) established corporations will rely more heavily onto sales of stock to secure funds. (x) interest rates onto these bonds increase sim

Q : Price elasticity of supply of commodity

Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit

Q : Victimization of Adverse Selection When

When an heiress’s fiance plans to murder her soon subsequent to the wedding in order to inherit her estate, she has actually been victimized by: (1) Moral hazard. (2) Adverse selection. (3) Cognitive dissonance. (4) Irrational ignorance.

Discover Q & A

Leading Solution Library

Avail More Than 1447500 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925091
Asked

3,689

Active Tutors

1447500

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment