menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles Applications
  4. Exam
    Exam 7: Consumer Choice: Utility Theory and Insights From Neuroscience
  5. Question
    If the Marginal Utility Per Dollar Is Not the Same
Solved

If the Marginal Utility Per Dollar Is Not the Same

Question 70

Question 70

Multiple Choice

If the marginal utility per dollar is not the same for each good,the consumer could ________ her utility by spending ________ on goods for which the marginal utility per dollar is higher.


A) increase; more
B) increase; less
C) decrease; more
D) minimize; more

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q33: What is meant by utility?

Q43: What is the law of diminishing marginal

Q65: A budget line connects the combinations of

Q66: Which of the following have economists and

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q69: At Hillary's current level of consumption,MUₓ/Pₓ =

Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 7.4

Q74: The notion of anchoring helps explain the

Q75: According to the law of diminishing marginal

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines