Multiple Choice
Suppose hamburger is on the horizontal axis and pizza on the vertical axis.If you were consuming at a point on a convex indifference curve such that the slope at that point was -4,which of the following best describes your consumption bundle?
A) Your marginal utility of hamburger is 20 and for pizza it is 20.
B) Your marginal utility of hamburger is 5 and for pizza it is 10.
C) Your marginal utility of hamburger is 20 and for pizza it is 5.
D) Your marginal utility of hamburger is one-fifth that of pizza.
Correct Answer:
Verified
Correct Answer:
Verified
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