Multiple Choice
Utility is determined by an individual's
A) income
B) price
C) relative price
D) profit
E) tastes and preferences
Correct Answer:

Verified
Correct Answer:
Verified
Q72: The demand for medical care<br>A)decreases as income
Q73: Suppose Lorna will buy more sweaters if
Q74: Exhibit 6-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-5
Q75: Along a consumer's demand curve, price reflects<br>A)the
Q76: Arthur Bach is worth $780 million dollars.He
Q78: Exhibit 6-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-6
Q79: Marginal utility is a measure<br>A)of total utility
Q80: A free good (price = $0)will be
Q81: Exhibit 6-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-11
Q82: If MU<sub>x</sub>/P<sub>x</sub> > MU<sub>y</sub>/P<sub>y</sub>, the consumer can