Multiple Choice
You consider yourself to be wise consumer. The marginal utility/price ratio of coffee is 12 utils per dollar. If the price of a donut is $0.75, you should only buy the donut if it gives you at least
A) 16 utils of satisfaction.
B) 9 utils of satisfaction.
C) 12 utils of satisfaction.
D) The answer cannot be determined with this information.
Correct Answer:
Verified
Correct Answer:
Verified
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