Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
mkendrick08 mkendrick08
wrote...
Go to Answer
Posts: 334
Rep: 0 0
5 years ago
Suppose a consumer is at an optimum. What happens when the price of one good she has been consuming increases?
A) The value of the marginal utility of the last unit consumed decreases.
B) The value of the marginal utility of the last unit consumed increases.
C) The marginal utility per dollar spent on the last unit consumed of that good increases by the same proportion as the price increases.
D) The marginal utility per dollar spent on the last unit consumed of that good is now smaller than the marginal utility per dollar spent on other goods the person consumes.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 52 times
2 Replies
Replies
Answer verified by a subject expert
kiara23247843kiara23247843
wrote...
#1
Posts: 127
Rep: 49 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

mkendrick08 Author
wrote...
#2
5 years ago
Above and beyond my expectations for this site
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1380 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1928
  
 327
  
 263
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Which of the following is the best resource to supplement your studies: