Multiple Choice
Jeffrey spends all of his income on warm-up suits and running shoes,and the price of a warm-up suit is four times the price of a pair of shoes.In order to maximize total utility,Jeffrey should
A) buy four times as many warm-up suits as pairs of running shoes.
B) buy four times as many pairs of running shoes as warm-up suits.
C) buy both items until the marginal utility of a pair of running shoes is four times the marginal utility of a warm-up suit.
D) buy both items until the marginal utility of a warm-up suit is four times the marginal utility of a pair of running shoes.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: An individual's demand curve for a good
Q42: Suppose that for Edwin,DVDs and trips to
Q45: Suppose at the consumer's current consumption bundle
Q48: Figure 21-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 21-6
Q50: Figure 21-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 21-9
Q51: Figure 21-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 21-9
Q67: Some economists have advocated reducing the taxation
Q82: The marginal rate of substitution is:<br>A)the slope
Q143: When the price of a shirt falls,the<br>A)
Q559: When two goods are perfect complements, the