Suppose the Price of a Glass of Orange Juice Is

Multiple Choice

Suppose the price of a glass of orange juice is $2 and that of a glass of soft drink is $1.A utility-maximizing consumer would buy _____

A) more glasses of juice, as a glass of juice has higher marginal utility than a glass of soft drink.
B) more glasses of soft drink, as a glass of soft drink has higher marginal utility than a glass of juice.
C) equal quantities of juice and soft drink, as the marginal utilities of a glass of juice and a glass of soft drink are the same.
D) more soft drink, as a glass of soft drink is cheaper than a glass of juice.
E) more glasses of juice, as the ratio of the total utility of an extra glass of juice to its price is more than that of a glass of soft drink.