Multiple Choice
Suppose a glass of orange juice has a price of $2 and a glass of soft drink has a price of $1.If the consumer is maximizing utility,
A) juice must have higher MU than soda drink
B) the soft drink must have higher MU than juice
C) both must have equal MU
D) consumers would buy more soda drink than orange juice
E) the consumer would buy twice as much orange juice as soft drink
Correct Answer:

Verified
Correct Answer:
Verified
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