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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 €4,12   In winkelwagen

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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

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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

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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

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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.

his or her average utility is at a maximum.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21644260&cmid=869199&page=1 1/1

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