The consumer's optimal choice is the one in which the marginal utility per dollar spent on good X is
a. equal to the marginal utility per dollar saved on good X.
b. greater than the marginal utility per dollar spent on good Y.
c. equal to the marginal utility per dollar spent on good Y.
d. less than the marginal utility per dollar spent on good Y.
c
Economics
You might also like to view...
Bank holding companies that rival money center banks in size, but are not located in money center cities are
A) superregional banks. B) bank clearing houses. C) international banks. D) local banks.
Economics
If a Cournot duopolist announced that it will double its output
A) it becomes the leader. B) the other firm does not view the announcement as credible. C) the other firm will shut down. D) the other firm will double output also.
Economics