Multiple Choice
Cindy has $70 a month to spend,and she can spend as much time as she likes playing golf and tennis.The price of an hour of golf is $10,and the price of an hour of tennis is $5.If Cindy equalizes the marginal utility per hour from golf and from tennis,she
A) can increase her total utility by spending less time golfing and more time playing tennis.
B) can increase her total utility by spending more time golfing and less time playing tennis.
C) maximizes her total utility.
D) can increase her total utility only if the price of golf decreases.
E) cannot increase her total utility.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: If Ms.Petersen is maximizing her utility in
Q105: Which of the following barriers to rational
Q106: If income falls,then in the new consumer
Q107: The high price of diamonds relative to
Q108: Which one of the following statements is
Q110: Utility is<br>A)the value of a good.<br>B)the additional
Q111: The change in total utility that results
Q112: For a consumer to maximize utility from
Q113: If the price of a good falls,then
Q114: Which one of the following is not