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A consumer was at an optimum. She then discovers that the marginal utility per dollar spent on food ...

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A consumer was at an optimum. She then discovers that the marginal utility per dollar spent on food ...

A consumer was at an optimum. She then discovers that the marginal utility per dollar spent on food is more than the marginal utility per dollar spent on movies. She knows then that
A) the price of movies must have decreased.
B) the price of food must have increased.
C) the price of movies must have increased or the price of food must have decreased.
D) the price of movies must have decreased or the price of food must have increased.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 48 times

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