Solved

Marge Has Spent Her Entire Budget on Milk and Cookies

Question 14

Essay

Marge has spent her entire budget on milk and cookies.The last glass of milk provided Marge with 10 additional utils and the last cookie provided her with 25 additional utils.The price of a cookie is twice the price of a glass of milk.Given this information, Marge should:
A.increase her consumption of milk and decrease her consumption of cookies.
B.decrease her consumption of milk and increase her consumption of cookies.
C.increase her consumption of milk and increase her consumption of cookies.
D.decrease her consumption of milk and decrease her consumption of cookies.

Correct Answer:

verifed

Verified

decrease her consump...

View Answer

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

Related Questions