--%>

Spending pattern for maximizing utility

The consumer maximizes utility if spending patterns cause: (1) Level of net utility to increase each time purchases are modified. (2) Marginal utilities of each and every good consumed to be equivalent. (3) Principle of corresponding marginal utilities per dollar to be met. (4) Absolute prices of each and every goods to equivalent their associative market prices. (5) Marginal utility of each and every good to be at its highest value.

Can someone help me in getting through this problem.

   Related Questions in Microeconomics

  • Q : Needs by marginal revenue equals to

    A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.

  • Q : Functions of Profits and Losses The

    The functions of profits into a market economy do NOT comprise: (1) stimulation for firms to be innovative and efficient. (2) compensating savers for delays of consumption. (3) signaling changing business conditions. (4) inducing mimi

  • Q : Quality and safety in Adverse Selection

    The popular sporting goods magazine publishes a report on quality and safety of different brands of ski equipment. This report would be most probable to determine a problem consumer’s face since of: (i) Adverse selection. (ii) Brand-name bias. (iii) High priced

  • Q : Average total cost curve in pure

    No firm can ever generate a pure economic profit unless this: (i) possesses some market power or monopoly power. (ii) can adjust both its level of output and the price of its products. (iii) faces a demand curve with a segment above its average total

  • Q : Purely competitive firm with no market

    A purely competitive firm along with no market power faces: (1) a perfectly elastic demand curve. (2) a perfectly elastic supply curve. (3) a perfectly inelastic demand curve. (4) a perfectly inelastic supply curve. (5) a downward sloping demand curve

  • Q : Unitarily elasticity in supply curve At

    At point b, in demonstrated figure the supply curve into this graph is: (w) perfectly elastic. (x) elastic, but not perfectly that why. (y) unitarily elastic. (z) inelastic.

    Q : Economies of Scope exploitation I have

    I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v

  • Q : Problem on Budget constraints James and

    James and Louisa each have an income of $30, which they each spend on tomatoes and all other goods.  They buy tomatoes at their local farmers market, which charges $3 per pound.  Define the units for all other goods so that their price is $1 per unit. 

  • Q : Markets in a capitalistic economy

    Markets within a capitalistic economy answer the “What?” question with: (1) government subsidies which promote new technologies. (2) giving those goods which consumers demand. (3) misleading advertising to persuade consumers to buy. (4) di

  • Q : Burden of tax reduce on suppliers of

    Most of the burden of an excise (i.e., per unit) tax would be borne through consumers of the taxed good, although some of the tax burden would reduce on suppliers of the good demonstrated in: (w) Panel A. (x) Panel B. (y) Panel C. (z)