Enteric-coated peppermint oil capsules can be taken before meals to help prevent IBS symptoms. These capsules have been proven highly effective (and safe) in several clinical trials, including studies that focused specifically on children with IBS.
As a general rule, utility-maximizing choices between consumption goods occur where the: A. rise in income has created the greatest utility. B. price ratio and marginal utilities ratio of two goods is equal. C. higher-income households have the greatest satisfaction. D. constraints on budget expenditures has fallen substantially. Answer: B Reference: Explanation: Type: Multiple Choice DiÂ²culty: Medium Category: Understand 26. The marginal utility of two goods changes ______________. A. with the quantities consumed B. for the better, if taxes are imposed C. if they are intertemporal choices D. if the mother controls the household budget Answer: A Reference: Explanation: Type: Multiple Choice DiÂ²culty: Easy Category: Remember 27.
Assume the consumer utility function is defined by, where U is consumer utility, x and y are goods. Then the marginal rate of substitution can be computed via partial differentiation, as follows. Also, note that: where is the marginal utility with respect to good x and is the marginal utility with respect to good y.or example, if the MRS xy = 2, the consumer will give up 2 units of Y to obtain 1 additional unit of X. As one moves down a (standardly convex) indifference curve, the marginal rate of substitution decreases (as measured by the absolute value of the slope of the indifference curve, which decreases).