menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics For Today Study Set 3
  4. Exam
    Exam 6: Consumer Choice Theory
  5. Question
    A Rational Consumer Will Always Shift a Dollar from a Good
Solved

A Rational Consumer Will Always Shift a Dollar from a Good

Question 33

Question 33

True/False

A rational consumer will always shift a dollar from a good whose marginal-utility-to-price ratio is lower to one whose marginal-utility-to-price is higher.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: If total utility increases from 10 to

Q29: Which of the following is true concerning

Q30: Marginal utility is best computed as the

Q31: As a general rule, marginal utility will

Q32: Exhibit 6-4 Total utility for multiplex

Q34: Exhibit 6A-6 Consumer equilibrium<br>​ <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6121m/.jpg" alt="Exhibit

Q37: Assume that an individual consumes only hotdogs

Q38: Greg spends his entire budget on two

Q69: Michael spends $10 a month on Pez

Q81: Along an indifference curve for goods X

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines