Effects of marginal utility on Consumer Equilibrium

Can someone please help me in finding out the accurate answer from the following question. When your marginal utility from $5 movies averages 50 utils and your marginal utility from $2 gallons of the gasoline is 20 utils, you can: (1) Not add to your satisfaction by modifying this mix. (2) Profit by purchasing less gasoline and watching more movies. (3) Profit by devoting less money to both movies and gasoline. (4) Profit by watching some movies and purchasing more gasoline. (5) None of above.

View Complete Question

Related Questions in Microeconomics

Q : Demand curve facing each firm Question:

Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will

Q : Relative Income Measurement by

The Department of the Census explains low relative income as experienced while families: (w) lack sufficient income to buy the fundamental food clothing and shelter required for survival. (x) would like to improve the

Q : Determining Substitution products When

When a price hike for Big Gulps of GlugaChug from $1 to $2 improves sales of dehydrated water from 50 to 100 kegs, then the dehydrated water and GlugaChug are: (1) Joint outputs in the production. (2) Complements. (3) Substitutes. (4) Mixed resource alternatives.

Q : Market price of long-run equilibrium

When this firm is typical in this purely competitive market, in that case long-run equilibrium for Christmas trees will be reached at a market price is of: (1) P1. (2) P2. (3) P3. (4)

Q : Features of oligopoly Features of

Features of oligopoly: Following are some principal features of oligopoly : A) A few firmsB) High degree of interdependence.C) Non-price competition.D) Entry barriers.E) Formation of cartels

Q : Implication of perfect knowledge

Describe the implication of perfect knowledge regarding market beneath perfect competition.

Q : Trade Restrictions of import and export

Quotas that restricted U.S. imports of foreign steel between 2001 and 2004 because of the: (w) prices paid by U.S. car buyers to rise. (x) price of gasoline to rise sharply. (y) profits of U.S. steelmakers to drop. (z) quantities of European imports t

Q : Additional Funds for Breaking Invention

If Bank of America helps link an inventor in require of additional funds to develop a ground breaking invention along with a retired school teacher along with excess savings, in that case they are performing: (1) love connections. (2) financial interm

Q : Equilibrium price in the short run The

The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4.

Q : Highest hourly wages rate and lowest

From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 1669_Lab</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1455174 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949430
Asked

3,689

Active Tutors

1455174

Questions
Answered

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

Submit Assignment