Multiple Choice
The ratio of the marginal utility of tea to the marginal utility of scones is six for an individual maximizing utility. This implies that
A) a scone is six times more valuable than a cup of tea.
B) the tea to scones price ratio is one to six.
C) the tea to scones price ratio is six to one.
D) this person always eats scones with tea.
Correct Answer:
Verified
Correct Answer:
Verified
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