Multiple Choice
Emilia is trying to figure out what combination of bags of peanuts and bags of popcorn she should buy with her $13 budget.The price of peanuts is currently $3 per bag and the price of popcorn is currently $2 per bag.Emilia is currently deciding whether to purchase one more bag of peanuts or one more bag of popcorn.She should choose the
A) peanuts every time.
B) popcorn every time.
C) peanuts,if the marginal utility of peanuts is greater than popcorn.
D) popcorn,if the marginal utility of popcorn is greater than peanuts.
E) peanuts,if the last bag she consumed was popcorn,and vice versa.
Correct Answer:
Verified
Correct Answer:
Verified
Q66: The _ line,and the area underneath,contain all
Q67: When there is a change in purchasing
Q68: Refer to the following figure to answer
Q69: Refer to the following table: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4871/.jpg"
Q70: In producing a budget constraint line for
Q72: Refer to the following table:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4871/.jpg"
Q73: Each point along an indifference curve indicates
Q74: Refer to the following table to answer
Q75: When does a change in price produce
Q76: According to the following figure,the movement from