ECS1501 – ASSESSMENT 11 – Q&A – S2 - 2023
Assessment 11
Question 1
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I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this
assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Question 2
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If Lineo is consuming the utility-maximising quantities of pizza and cool drinks
the price of pizza equals the price of a cool drink.
the ratio of the marginal utility to price is the same for pizza and for cool
drinks.
the marginal utility of pizza is equal to the marginal utility of a cool drink.
the total utility of pizza is equal to the total utility of cool drinks.
Question 3
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Assessment 11
Question 1
Answer saved
Not graded
Flag question
Question text
I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion of this
assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Question 2
Answer saved
Marked out of 1.00
Flag question
Question text
If Lineo is consuming the utility-maximising quantities of pizza and cool drinks
the price of pizza equals the price of a cool drink.
the ratio of the marginal utility to price is the same for pizza and for cool
drinks.
the marginal utility of pizza is equal to the marginal utility of a cool drink.
the total utility of pizza is equal to the total utility of cool drinks.
Question 3
Answer saved
1
