If the price of a good increases, all else the same, then the consumer's total utility will
A) increase.
B) decrease.
C) remain the same as consumption shifts to cheaper goods.
D) decrease if there are no substitutes for the good and remain the same if there are substitutes for the good.
B
Economics
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A) proprietorship. B) partnership. C) corporation. D) S corporation.
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Given that the firm offers both the products, what is the maximum price it can charge for the high-end wok to have the chefs only buy the high-end wok?
a. $70 b. $80 c. $90 d. $100
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