Multiple Choice
Suppose a consumer really likes rutabagas and likes broccoli fairly well.Suppose the prices of both goods are $0.60 per pound and that the consumer is maximizing utility.We can conclude that:
A) the marginal utilities of both goods are the same.
B) the marginal utility of rutabagas is greater than the marginal utility of broccoli.
C) the marginal utility of broccoli is greater than the marginal utility of rutabagas.
D) the marginal utility of both goods is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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