Multiple Choice
A) The optimal consumption bundle contains five movie downloads and 10 music downloads.
B) The MRS is 0.50 at the optimal consumption bundle.
C) The price per music download is half as expensive as the price per movie download.
D) In the optimum consumption bundle, the marginal utility of movie downloads equals half the marginal utility of music downloads.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The table given shows the marginal utility
Q3: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-2
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-1
Q6: (Figure: Labor Supply) Refer to the figure.
Q7: If the price of Good X is
Q8: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-7
Q9: Which of the following statements is TRUE?<br>A)
Q11: Figure: Income and Substitution Effects <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg"
Q27: The consumption bundle that maximizes utility for
Q28: Countries in Western Europe tend to have