Solved

You Are Trying to Decide How to Spend Your Last

Question 106

Multiple Choice

You are trying to decide how to spend your last lunch dollar. You should use that dollar to buy more of the item:


A) that costs the least.
B) that gives you the highest average utility per dollar.
C) that gives you the highest marginal utility per dollar.
D) from which you already have gained the greatest total utility.

Correct Answer:

verifed

Verified

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

Related Questions

Q101: Refer to the accompanying table. The

Q102: The accompanying figure shows a single consumer's

Q103: Refer to the accompanying table. The

Q104: If Terry's total utility is maximized when

Q105: Refer to the accompanying table. The

Q107: The accompanying figure shows the annual demand

Q108: Refer to the accompanying figure. The total

Q109: Refer to the accompanying figure. The total

Q110: If a consumer buys two different goods,

Q111: Refer to the accompanying figure. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6547/.jpg"