Multiple Choice
After reading the nutritional label on the box of his favorite cookies,Ernesto was shocked to discover the high sugar content.As a result,cookies don't bring him the same satisfaction anymore,falling from 25 utils to 12 utils.Benefiting from more efficient machinery,Ernesto's favorite cookie manufacturer also lowered the price per box.What happens to Ernesto's marginal utility per dollar spent?
A) It increases.
B) It decreases.
C) It stays the same.
D) The rate of change decreases.
E) There is not enough information to determine.
Correct Answer:
Verified
Correct Answer:
Verified
Q109: Refer to the following indifference curve.The marginal
Q110: Refer to the following table to answer
Q111: Bryce is at the local grocery store,shopping
Q112: If a combination of items exists to
Q113: Graphing only a change in price for
Q115: Individuals who haven't studied economics may not
Q116: Kati-Lyn has to choose between eating Chinese
Q117: Refer to the following table to answer
Q118: The maximization point is the location at
Q119: Refer to the following figure to answer