The price of one piece of pizza is $2 and the price of movies is $4. The consumer has $14 of income. The consumer is purchasing 3 pieces of pizza and receiving 20 utils for the last piece. He is also purchasing 2 movies and receiving 40 utils for the last movie. This set of goods
A. is an optimum since the entire income is spent and the marginal utility per dollar spent is the same for the last unit of each good.
B. is not an optimum because the marginal utility per dollar spent is greater for pizza than for movies.
C. is an optimum since the entire income is spent and total utility is minimized.
D. is not an optimum because the consumer has not spent all of his money.
Answer: A
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In the year _______ the stock market crashed, while the economy went into a major economic decline which lasted until the year ________.
Fill in the blank(s) with the appropriate word(s).
Impact investors are willing to be more patient, take greater risks, and sometimes accept lower financial returns as long as they're convinced that their money:
A. will have a better financial return in the long run. B. is gaining more worth than it would in domestic investments. C. is being used to create social change. D. None of these statements is true.