menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics-Microeconomics
  4. Exam
    Exam 8: Utility and Demand
  5. Question
    If It Costs $6
Solved

If It Costs $6

Question 117

Question 117

True/False

If it costs $6.00 to go to the movies and $25.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 50.

Correct Answer:

verifed

Verified

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

Related Questions

Q112: Marginal utility is the<br>A) usefulness of a

Q113: Tom's marginal utility of Mountain Dew exceeds

Q114: Magazines Chocolate bars<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Magazines Chocolate

Q115: Michael consumes only steak and lobster. Suppose

Q116: A behavioral economist will explain Tom's donation

Q118: Katie finds that the marginal utility from

Q119: Danny has $12 to spend on two

Q120: Ice cream Romance novels<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Ice

Q121: Robinson spends all his income on mangos

Q122: Marginal utility theory predicts that if a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines