100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
ECS1501 ASSESMENT 8 2024 A consumer is in equilibrium when a. the marginal utilities per rand spent are equal for all goods purchased. b. his or her marginal utility is at a maximum. c. his or her weighted marginal utility is at a maximum. d. his or her R77,20
Add to cart
ECS1501 ASSESMENT 8 2024 A consumer is in equilibrium when a. the marginal utilities per rand spent are equal for all goods purchased. b. his or her marginal utility is at a maximum. c. his or her weighted marginal utility is at a maximum. d. his or her
ECS1501 ASSESMENT 8 2024
A consumer is in equilibrium when
a. the marginal utilities per rand spent are equal for all goods purchased.
b. his or her marginal utility is at a maximum.
c. his or her weighted marginal utility is at a maximum.
d. his or her average utility is at a maximum
EXCELGATE INSTITUTE 0846244729 iexcelgate@gmail.com
PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELGATE INSTITUTE 0846244729 iexcelgate@gmail.com
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS.
Education is the most powerful weapon which you can use to change the world
, 9/1/24, 9:18 AM Assessment 8 (page 2 of 6)
ECS1501-24-Y Assessments Assessment 8
QUIZ
Question 2
Answer saved
Marked out of 1.00
Sipho consumes two goods A and B. PA and PB, MUA and MUB and TUA and TUB represent prices, marginal utility and total
utility of A and B, respectively. When will Sipho achieve consumer equilibrium?
TUA/PA = TUB/PB
MUA/MUB = PA/PB
the total utilities of the two goods are equal
when the ratio between PA and PB differs from the ratio between MUA and MUB
Clear my choice
Question 3
Answer saved
Marked out of 1.00
A consumer is in equilibrium when
the marginal utilities per rand spent are equal for all goods purchased.
his or her marginal utility is at a maximum.
his or her weighted marginal utility is at a maximum.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller excelgateinstitute. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R77,20. You're not tied to anything after your purchase.
