Multiple Choice
The cost of basics like milk, bread, potatoes and bananas has jumped in the past year, forcing families to nix luxuries, steer away from organic goods and buy more house brands. "I think it's affecting everybody," said Elize Joseph 48, a nursing attendant. "To spend $40 on groceries is nothing. It doesn't go a long way." When food prices increase, what will happen to Elize's total utility?
A) It increases.
B) It stays the same.
C) It decreases.
D) It cannot be determined without knowing her total income.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q33: Are your total and marginal utility of
Q34: Marginal utility measures the<br>A) total utility from
Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Betsy's utility depending
Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q38: To maximize utility, why does a consumer
Q39: A decrease in consumption will result in<br>A)
Q40: Milkshakes Sodas<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Milkshakes Sodas
Q41: Marginal utility theory concludes that a decrease
Q42: Bananas Apples<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Bananas Apples