Multiple Choice
-Refer to the above table. If the consumer's equilibrium consists of 4 magazines and 4 books, then we know that
A) the price of a magazine is 5 times more than the price of a book.
B) the price of a magazine is 6 times more than the price of a book.
C) the price of a book is 5 times more than the price of a magazine.
D) the price of a book is 3 times more than the price of a magazine.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: Along an indifference curve,<br>A) the marginal utility
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q169: The diamond-water paradox is an example that
Q197: The total utility of consuming 6 units
Q198: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Refer to the
Q199: Carol is very hungry. She has just
Q202: The price of hamburgers is $2 and
Q205: If a consumer is initially at an
Q206: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Refer to the
Q247: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Adam has 3