Multiple Choice
Suppose that the price of a plate of sushi is $10 and that Jan's marginal utility is 8 while Jin's marginal utility is 12.What can be deduced from this information?
A) That Jin should buy the sushi,but Jan should not.
B) That Jin likes sushi better than does Jan.
C) That Jan's MU per $ spent on sushi is greater than Jin's.
D) No deductions can be made from this information.
Correct Answer:
Verified
Correct Answer:
Verified
Q133: Marginal utility is the additional utility derived
Q134: If the MU per dollar spent on
Q135: Yoko has $10 to spend on lunch.The
Q136: Table 5.8 shows Jacintha's marginal utility for
Q137: The following table shows Ketta's utility for
Q139: What is the significance of the marginal
Q140: The following table shows the utility (measured
Q141: Suppose that Irina is prepared to pay
Q142: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the
Q143: In Longolia,beer drinking is associated with blood