Solved

Wolfgang Really Likes Both Rutabagas and Broccoli

Question 95

Multiple Choice

Wolfgang really likes both rutabagas and broccoli.The price of each good is $0.60 per pound and Wolfgang is maximizing utility.At the point of maximal utility,the marginal utility of:


A) rutabagas and broccoli is the same.
B) rutabagas is greater than the marginal utility of broccoli.
C) broccoli is greater than the marginal utility of rutabagas.
D) both goods is zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q90: A consumer's spending is restricted because of:<br>A)marginal

Q91: Which statement BEST describes the income effect

Q92: Choices that maximize total utility generally produce

Q93: Steven consumes staples and paper clips.He is

Q94: Kawamura,a careful utility maximizer,consumes peanut butter and

Q96: A decrease in the price of a

Q97: In economics,the ability of pumpkin pie to

Q98: The principle of diminishing marginal utility:<br>A)refers to

Q99: If the price of laundry detergent equals

Q100: Sam always tries to maximize his utility