Multiple Choice
Avner is maximising total utility by buying sports magazines and protein supplements.For him to buy more sports magazines,
A) the price of protein supplements has to fall.
B) the price of sports magazines has to fall.
C) the price of sports magazines has to rise.
D) Since Avner is maximising his utility, nothing can change the consumption of sports magazines.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: What do economists call the observation that
Q45: Some economists have suggested that network externalities
Q47: What happens if the price of muffins,
Q49: Suppose Barry is maximising his utility from
Q52: Suppose Joe is maximising total utility within
Q53: Figure 6.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.6
Q79: We can derive the market demand curve
Q92: Suppose Renee can increase her total utility
Q234: If you received negative marginal utility from
Q303: Consider a downward-sloping demand curve.When the price