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 is at a maximum.
B) MUA/MUB equals the ratio of the total utility of A to the total utility of B.
C) MUA/MUB equals 1.
D) MUA/MUB equals zero.
E) MUA/MUB equals the ratio of the price of A to the price of B.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: In indifference curve analysis,the consumer's utility-maximizing point
Q21: If total utility from the consumption of
Q30: An equal proportional increase in money income
Q46: The condition required for a consumer to
Q55: Given a particular market demand curve,consumer surplus
Q89: The substitution effect of a price change<br>A)will
Q95: The diagram below shows a set of
Q120: Suppose Arun consumes only 2 goods -
Q126: If consumption of an extra unit of
Q127: Assume you are consuming two goods,X and