Multiple Choice
Carolyn spends her income on popular magazines and music CDs.If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys
A) both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
B) both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased.
C) four times as many magazines as CDs.
D) four times as many CDs as magazines.
Correct Answer:

Verified
Correct Answer:
Verified
Q145: Adhira buys chocolates and almonds.She has 3
Q146: _ is an experiment that tests the
Q147: Figure 10-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-2
Q148: Figure 10-10<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-10
Q149: The additional utility that George receives from
Q151: In 2016, the most profit from the
Q152: If the price of muffins, a normal
Q153: Behavioral economists examine choices that consumers make
Q154: The enjoyment or satisfaction people receive from
Q155: The demand curve for a Giffen good