Multiple Choice
A consumer is maximizing her utility with a particular money income when
A) the total utility derived from each product consumed is the same.
B) MUa/Pa = MUb/Pb = MUc/Pc = ...= MUn/Pn.
C) MUa = MUb = MUc = ...= MUn.
D) Pa = Pb = Pc = ...= Pn.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q25: A change in the slope of a
Q26: The income of a consumer is $40,
Q36: A consumer has two basic choices: rent
Q40: If total utility increases as consumption of
Q208: The law of diminishing marginal utility implies
Q239: The price of chicken = $5, while
Q247: If marginal utility is diminishing, total utility
Q287: Which of the following is correct?<br>A)Budget lines
Q305: An indifference curve<br>A)may be either upsloping or
Q332: The income effect explains an exception to