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lashifha lashifha
wrote...
Posts: 8
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10 years ago
Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal
utility of the last drink you had?
a. infinite d. less than 0
b. 0 e. greater than 1
c. 1
d. less than 0
e. greater than 1

As a consumer allocates income between good A and good B, total utility is maximized when
a. the marginal utility of A = the marginal utility of B
b. the marginal utility of A = the marginal utility of B = 0
c. the price of A = price of B
d. marginal utility of A/price of A = marginal utility of B/price of B = 0
e. marginal utility of A/price of A = marginal utility of B/price of B
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wrote...
10 years ago Edited: 10 years ago, goji.go
For 2)

Marginal utility of A/price of A = marginal utility of B/price of B.
Diesel
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