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 : Problem on positive quantity Supply The

The law of supply defines that, other things equivalent: (1) Quantity supplied differs inversely with price. (2) A good’s supply is positively associated to its demand. (3) Quantity supplied is positively associated to price. (4) Prices and cost

Q : Illustrations of Micro economic

Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings

Q : Problem regarding Minimum Wage Laws I

I have a problem in economics on Problem regarding Minimum Wage Laws. Please help me in the following question. The consequence of minimum wage legislation on the teenagers has most likely been: (i) Greater unemployment. (ii) Greater employment. (iii) Full employment.

Q : Movement of Supply Curve towards up and

The rise in the price of Pepsi will effect a: (1) Shift of the supply curve of Coke to left. (2) Shift of the supply curve of Pepsi to right. (3) Movement downwards all along the supply curve of Coke. (4) Movement up and to right all along the supply curve of Pepsi.

Q : Supply of labor curve problem Can

Can someone please help me in finding out the accurate answer from the following question. Employer with the monopsony power which as well had the ability to wage discriminate perfectly would tackle a marginal factor cost of labor

Q : Saving transaction costs by locations

Economic rent by a parcel of land is positively associated to the: (w) savings in transaction costs yielded by its location. (x) amount of idle land adjacent to this. (y) time this has been held by the current landowner. (z) amount of natural flora an

Q : Problem on market boundaries The

The market’s boundaries are stated by: (i) Legislation. (ii) The number of sellers and buyers in the market. (iii) The ease of trading among sellers and buyers. (iv) Geographical borders. Choose the right ans

Q : Problem on Monopsonistic exploitation I

I have a problem in economics on Monopsonistic exploitation. Please help me in the following question. The Monopsonistic exploitation of labor signifies that the: (i) Influenced workers receive much low wages. (ii) Firm reaps big economic gains by exploiting the worke

Q : Means of GDP Provide the solution of

Provide the solution of this question. The GDP is the: A) monetary value of all final goods and services produced within a nation in a particular year. B) national income minus all nonincome charges against output. C) monetary value of all economic resources used in p

Q : Types of elasticity of supply Types of

Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

Discover Q & A

Leading Solution Library

Avail More Than 1430587 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1946083
Asked

3,689

Active Tutors

1430587

Questions
Answered

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

Submit Assignment