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Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
النسخة 12الرقم المعياري الدولي: 978-1133189022Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
النسخة 12الرقم المعياري الدولي: 978-1133189022 تمرين 9
Simple utility maximization requires MRS = Px/Py.
1. Why does the price ratio Px/Pyshow the rate at which any person can trade Yfor X in ''the market''? Illustrate this principle for the case of music CDs (which cost $10 each) and movie DVDs (which cost $17 each).
2. If an individual's current stock of CDs and DVDs yields him orheran MRSof 2-to-1 (that is, he or she is willing to trade two CDs for one DVD), how should consumption patterns be changed to increase utility?
1. Why does the price ratio Px/Pyshow the rate at which any person can trade Yfor X in ''the market''? Illustrate this principle for the case of music CDs (which cost $10 each) and movie DVDs (which cost $17 each).
2. If an individual's current stock of CDs and DVDs yields him orheran MRSof 2-to-1 (that is, he or she is willing to trade two CDs for one DVD), how should consumption patterns be changed to increase utility?
التوضيح
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موثّق
1) The ratio of price 
is the slope of t...
Intermediate Microeconomics and Its Application 12th Edition by Walter Nicholson,Christopher Snyder
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