Multiple Choice
A consumer is at an optimum when the price of one good she has been consuming decreases. As a result
A) the value of the marginal utility of the last unit consumed has increased.
B) the value of the marginal utility of the last unit consumed has decreased.
C) the price of the other good must decrease too.
D) the marginal utility of the last dollar spent on this good is now greater than the marginal utility of the last dollar spent on other goods.
Correct Answer:
Verified
Correct Answer:
Verified
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