Solved

A Consumer Buys Only Food and Clothing

Question 80

Multiple Choice

A consumer buys only food and clothing. If the quantity of food bought increases while that of clothing remains the same, the marginal utility of food will:


A) fall, but not as fast as the marginal utility of clothing falls.
B) rise, but not as fast as the marginal utility of clothing rises.
C) rise relative to the marginal utility of clothing.
D) fall relative to the marginal utility of clothing.

Correct Answer:

verifed

Verified

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

Related Questions