Multiple Choice
If Marlowe obtains 9 units of utility per dollar spent on apples and 6 units of utility per dollar spent on oranges, then Marlowe
A) is maximising total utility.
B) should buy more apples and fewer oranges.
C) should buy more oranges and fewer apples.
D) should buy fewer oranges and fewer apples.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: List three reasons why demand for a
Q99: The income effect results in consumers increasing
Q137: An advantage of Microsoft Windows is its
Q141: Goods with upward-sloping demand curves are referred
Q142: Which of the following products are least
Q143: After getting an A on your economics
Q144: If Callum is consuming his utility maximising
Q145: A consumer maximises her total utility from
Q230: Many airlines have not reduced or eliminated
Q268: A network externality occurs when<br>A) there is