Multiple Choice
If Lisa spends her income on veggie burgers and pints of soy milk and the price of veggie burgers is three times the price of a pint of soy milk, then when Lisa maximizes her utility she will buy
A) both goods until the marginal utility of veggie burgers is three times the marginal utility of soy milk.
B) three times as many veggie burgers as pints of soy milk.
C) three times as many pints of soy milk as veggie burgers.
D) both goods until the marginal utility of a pint of soy milk is three times the marginal utility of veggie burgers.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: The quantity of tickets demanded to the
Q26: Which of the following is a common
Q27: The amount of income a consumer has
Q28: Figure 10-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 10-6
Q29: Molly received an autographed poster of David
Q31: A consumer maximizes her total utility from
Q32: If marginal utility of apples is diminishing
Q33: There are two conditions necessary for a
Q34: Describe the demand curve for a Giffen
Q35: The choice of a good is path