It is consistent with utility maximization for Juan to buy a $2 strawberry and papaya smoothie, for which he gets 20 units of marginal utility, instead of a $1.50 pizza slice for which he gets 10 units of marginal utility
Indicate whether the statement is true or false
true
Economics
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(Advanced analysis) Answer the question on the basis of the following information. The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information. If demand changed from P =
100 - 2Q to P = 130 - Q, the new equilibrium price is: A. $90. B. $110. C. $96. D. $106.
Economics
Explain why countries that have volatile inflation rates are likely to have high nominal interest rates.
What will be an ideal response?
Economics