Answer:
3.09
Step-by-step explanation:
The correct answer is 17-x
Answer:
Maylin should purchase one unit of each socks & jogging shorts.
Step-by-step explanation:
In case of two goods, consumer is at equilibrium when marginal utility per dollar spent on last unit of the goods are equal, ie MU 1 / P1 = MU 2 / P2 (MU are the marginal utilities / marginal benefit of two goods, P are the price of two goods)
Given : MU1 (So) = 20, MU2 (JSh) = 30, P1 (So) = 10, P2 (JSh) = 15
So, equilibrium is at where MU1 (So) / P1 (So) = MU2 (JSh) / P2 (Jsh)
20/10 = 2, & 30/15 = 2. MU's per dollar are equal for both.
So Maylin is in equilibrium, she should purchase one unit of each socks & jogging shorts.
Answer:
D
Step-by-step explanation:
It is because you can see the line pass through the value 0 in x-axis while 6 in y-axis which gives the first coordinate (x,y) = (0,6) and the line also past through the value of 5 in x-axis and 1 in y-axis which gives the second coordinate is (1,5).
So it is true that the line did go through at points (0,6) and (1,5).
