Betty consumes only milkshakes and sandwiches and maximizes her total utility. Suppose that the prices of a milkshakes and sandwiches both double and at the same time Betty's income doubles
Betty buys ________ sandwiches and her marginal utility from sandwiches ________. A) more; increases
B) fewer; decreases
C) more; decreases
D) the same number of; remains the same
D
Economics
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Because resources are limited
A) people must make choices. B) firms will be forced out of business. C) only the very wealthy can get everything they want. D) the availability of goods will be limited but the availability of services will not.
Economics
Payments to households that do not require anything in exchange are called
A) transfer payments. B) government purchases. C) consumption expenditures. D) investment expenditures.
Economics