Multiple Choice
If John consumes only two goods,A and B,and he is maximizing his utility subject to his budget constraint,
A) MUA/MUB equals 1.
B) MUA/MUB equals the ratio of the price of A to the price of B.
C) MUA/MUB is at a maximum.
D) MUA/MUB equals the ratio of the total utility of A to the total utility of B.
E) MUA/MUB equals zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q46: If consumption of an extra unit of
Q47: The diagram below shows a set of
Q48: Given a particular market demand curve,consumer surplus
Q49: A basic hypothesis of marginal utility theory
Q50: The table below shows the quantities
Q52: At a garage sale,Dominique purchases a sewing
Q53: The paradox in "the paradox of value"
Q54: The demand curve for a good with
Q55: The figures below show Chris's consumption of
Q56: The "law" of diminishing marginal utility implies