Multiple Choice
According to the rational spending rule,for a rational consumer the relationship between the price of an item and the utility gained by consuming that item is
A) the lower the price,the greater the total utility.
B) the lower the price,the greater the marginal utility.
C) the lower the price,the lower the marginal utility.
D) the higher the price,the lower the marginal utility.
Correct Answer:

Verified
Correct Answer:
Verified
Q93: Assume that Dusty has $30 in income,the
Q94: This graph shows one consumer's demand for
Q95: Moe's parents frequently tell him how it
Q96: Angel's marginal utility for playing pool is
Q97: Ten years ago you had never even
Q99: If the marginal utility per dollar is
Q100: This graph shows one consumer's demand for
Q101: Jamie's marginal utility for consuming muffins
Q102: The absolute price of a good in
Q103: If the marginal utility per dollar is