Multiple Choice
(Figure: Video Games and Guitars I) _____ is willing to give up a lot guitars for a small number of video games, and _____ is willing to give up a lot of video games for a small number of guitars.
A) John; Paul
B) Paul; John
C) Paul; Paul
D) John; John
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q51: Yanas ratio of marginal utility for coffee
Q52: Suppose that the marginal utility of good
Q53: Suppose that MU<sub>Y</sub> = 15, MU<sub>X</sub> =
Q54: Suppose that Maria cares only about shoes
Q55: The equation for the marginal rate of
Q57: (Figure: Good Y and Good X III)
Q58: Suppose that U = min{2X, Y}, where
Q59: Ines considers Titleist (T) and Callaway (C)
Q60: Manu wants to achieve a utility level
Q61: Suppose that Ken cares only about bathing