Multiple Choice
Juan and Sophia have decided to stop studying economics and get a bite to eat. Juan wants to go for a pizza and Sophia wants a hamburger. They decide to go for pizza. What can we conclude from this?
A) Juan always gets more utility from pizza than Sophia does.
B) Sophia gets less utility from pizza than she could from a hamburger.
C) Sophia will get negative utility from the pizza.
D) Utility analysis does not work here since Sophia did not eat a hamburger.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Behavioral economics suggests that people face human
Q139: The information on a demand curve is
Q183: The state of consumer optimum is reached
Q297: The change in the consumption of one
Q367: At a ball game we can observe
Q369: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Given the above
Q371: The price of a hamburger is $1,
Q373: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Use the above
Q375: As an individual consumes more of a
Q453: What is the principle of diminishing marginal