What should she do instead the last pound of cheese, Business Economics

+44 141 628 6080
[email protected]

What should she do instead the last pound of cheese

Important information about Utility maximization

Bridget has a limited income and consumes only wine and cheese; her current consumption 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. If not, what should she do instead? Why?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What should she do instead the last pound of cheese

Reference No:- TGS027751

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : Identify and describe one or two structural

Identify and describe one or two structural and functional differences between prokaryotic and eukaryotic cells that you believe contribute to the ability of eukaryotic cells to form the specialized cells and structures found in multicellular orga

Q : Find the amount of change in the firm operating cash flow

A cost-cutting project will decrease costs by $48,500 a year. The annual depreciation on the project's fixed assets will be $11,300 and the tax rate is 34 percent.

Q : Use of nonhuman animals in research

Summarize the study of the guidelines for ethical care in the care and use of nonhuman animals in research.

Q : Advantages-disadvantages of external or internal recruitment

Which do you consider more valuable: external or internal recruitment? What are the advantages and disadvantages of each?

Q : What should she do instead the last pound of cheese

The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units.what should she do instead.

Q : Determine stock and debt basis

I am a 100% shareholder of Johnson Corp. (an S corporation). At the beginning of 2010, My basis in Johnson Corp. stock was $14,000. During 2010, I loaned $20,000 to Johnson Corp. and Johnson Corp.

Q : Decisions often depend on judgments

Decisions often depend on judgments. Decision making is inherently subjective. What is your view on this notion? Provide an example of how your government has made a decision that seemed more subjective than objective.

Q : What are the characteristics of the following structures

What are the characteristics of the following structures? Which provides more 'fertile' ground for corporate entrepreneurship? Why?

Q : Explain assertion that language influences

What is mean by following the phrase: 'People who speak different languages segment their world differently'. How would you explain the assertion that language influences and shapes how people perceive their world?

1925721

Questions
Asked

3,689

Active Tutors

1442999

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What should she do instead the last pound of cheese

Reference No:- TGS027751

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Identify and describe one or two structural

Q : Find the amount of change in the firm operating cash flow

Q : Use of nonhuman animals in research

Q : Advantages-disadvantages of external or internal recruitment

Q : What should she do instead the last pound of cheese

Q : Determine stock and debt basis

Q : Decisions often depend on judgments

Q : What are the characteristics of the following structures

Q : Explain assertion that language influences

What are the calculated rbc indices

Male who is developing an acute myocardial infarction

Discuss -healthcare staff and patients in a hospital setting

Discussion about female who had a cerebral infarction

Provide a brief description of the patient care technology

How soap note captures several important elements of ty case

Problem about post-emergency open fracture femur reduction

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What should she do instead the last pound of cheese

Reference No:- TGS027751

Recent Questions Asked Business Economics

Q : Identify and describe one or two structural

Q : Find the amount of change in the firm operating cash flow

Q : Use of nonhuman animals in research

Q : Advantages-disadvantages of external or internal recruitment

Q : What should she do instead the last pound of cheese

Q : Determine stock and debt basis

Q : Decisions often depend on judgments

Q : What are the characteristics of the following structures

Q : Explain assertion that language influences

Asked Questions