Multiple Choice
Use the table Polly's Marginal Utility from Cheese and Sausage. Polly has a budget of $56. If the current price of cheese is $10, the current price of sausage is $8, and she is currently consuming two units of cheese and four units of sausage, how should she change her consumption to increase her total utility?
A) increase her consumption of both goods
B) decrease her consumption of both goods
C) increase her consumption of cheese and decrease her consumption of sausage
D) decrease her consumption of cheese and increase her consumption of sausage
Correct Answer:
Verified
Correct Answer:
Verified
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