Multiple Choice
If a consumer always buys goods rationally, then
A) the total utilities of the different goods consumed will be equal.
B) the average utilities of the different goods consumed will be equal.
C) the marginal utility per dollar spent on all goods will be equal.
D) the marginal utility of the different goods consumed will be equal.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Table 10-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 10-2
Q52: Which of the following refers to the
Q53: Table 10-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 10-7
Q54: Figure 10-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-7
Q55: The demand curve for an inferior good
Q57: Which of the following is an experiment
Q58: Figure 10-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-4
Q59: An item has utility for a consumer
Q60: A common mistake made by consumers is
Q61: Avner is maximizing total utility by buying