Multiple Choice
Ruxandra's marginal utility from eating her fourth steak in a month is 20 utils. Her marginal utility from eating her fifth salmon fillet is 30 utils. What should Ruxandra do if the current price of a steak is $10 and the price of a salmon fillet is $15?
A) increase the quantity of steak that she consumes
B) increase the quantity of salmon that she consumes
C) nothing because her utility is as high as possible
D) decrease the quantity that she consumes of both goods
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Use the table Jackson's Total Utility for
Q20: When marginal utility is _, then total
Q21: Podrick enjoys consuming sandwiches (S) and juice
Q22: Podrick enjoys consuming sandwiches (S) and juice
Q23: The idea behind balanced consumption is that:<br>A)
Q25: In the first round of an experiment
Q26: Your ultimate goal as a consumer is
Q27: Altruism, reciprocity, guilt, and revenge all affect
Q28: Collin's total utility equals 150 utils after
Q29: Use the table Sorenson's Utility from Eating