Billie spends all of her income on soccer balls and jeans, and the price of a pair of jeans is three times the price of soccer balls. In order to maximize total utility, Billie should
a. buy three times as many soccer balls as pairs of jeans.
b. buy three times as many pairs of jeans as soccer balls.
c. buy both items until the marginal utility of soccer balls is three times the marginal utility of a pair of jeans.
d. buy both items until the marginal utility of a pair of jeans is three times the marginal utility of soccer balls.
d
Economics
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Fill in the blank(s) with correct word
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Collusion is most likely to occur in those oligopolies in which firms have vastly different cost structures
a. True b. False
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