Multiple Choice
If the average utility of good A is 15 and the average utility of good B is 25, you should:
A) consume more of good A and less of good B.
B) consume more of good B and less of good A.
C) keep consuming the current amounts of both good A and good B.
D) realize that you don't have enough information to answer the question.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Economists account for changes in tastes for
Q29: According to the law of diminishing marginal
Q30: Focal point equilibria definitely violate the principle
Q31: Refer to the graph shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q32: To calculate the total utility of consuming
Q34: Crackerjacks cost twice as much as Doritos.
Q35: The theory of rational choice assumes that:<br>A)
Q36: Steve has two choices for taking classes.
Q37: Experiments based on the "ultimatum game" indicate
Q38: Jason is faced with two options: A