Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tawhid111 tawhid111
wrote...
Go to Answer
Posts: 128
Rep: 0 0
6 months ago

Joe is currently in consumer equilibrium by consuming cheese and crackers, such that the last cracker consumed yielded 8 utils and the last piece of cheese consumed yielded 12 utils. Assume the price of crackers is two cents per cracker and the price of cheese is three cents per piece. If the price of crackers increases to four cents, Joe should __________ his consumption of crackers and his marginal utility from crackers will __________ and also __________ his consumption of cheese and his marginal utility from cheese will __________.



▸

increase; increase; increase; increase



▸

increase; increase; decrease; decrease



▸

increase; decrease; increase; decrease



▸

decrease; increase; decrease; increase



▸

decrease; increase; increase; decrease

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 34 times
1 Reply
Replies
Answer verified by a subject expert
careytrancareytran
wrote...
#1
Posts: 118
Rep: 0 0
6 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tawhid111 Author
wrote...

6 months ago
Smart ... Thanks!
Smair87
wrote...

Yesterday
Thank you, thank you, thank you!
Evolution
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1293 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 159
  
 138
  
 153
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Do you believe in global warming?