Jason is trying to decide whether to buy a bagel or a muffin for breakfast. The bagel costs $0.50 and has a marginal utility of 5 . The muffin costs $1 and has a marginal utility of 20 . Which should he buy and why?
a. The muffin, because it has a higher marginal utility
b. The muffin, because it has a lower marginal utility
c. The bagel, because it costs less
d. The bagel, because it has a higher marginal utility per dollar
e. The muffin, because it has a higher marginal utility per dollar
e
Economics
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The slope of a line parallel to the vertical axis is:
a. 1. b. 0. c. infinite. d. undefined.
Economics