× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pirex pirex
wrote...
Posts: 634
Rep: 13 1
6 years ago
Before an uneven rise in prices Allan consumed 5 bread and 6 juice. After the price increase and with an increased welfare payment from the government Allan consumes 4 bread and 7 juice. Does the government payment represent a true cost-of-living adjustment (COLA)?
A) Yes, if the two consumption bundles lie on the same indifference curve.
B) Yes, if the second bundle yields more utility than the first.
C) No, the first bundle is clearly preferred.
D) Not enough information.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 53 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

Related Topics

Replies
wrote...
#1
6 years ago
A
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1286 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 336
  
 450
  
 1492
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?