In deciding what to buy, the consumer will choose the good with the:

A. Highest marginal utility
B. Lowest price
C. Highest marginal utility-to-price ratio
D. Lowest marginal utility-to-price ratio

C. Highest marginal utility-to-price ratio

Economics

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Since 1900, real GDP per capita in the United States has ________ in the short run and has ________ in the long run

A) fluctuated; displayed a strong upward trend B) remained fairly stagnant; grown considerably C) decreased more often than it has increased; increased more often than it has decreased D) grown at a stable and consistent rate; wildly fluctuated

Economics

Which of the following is a liability on a bank's balance sheet?

A) checkable deposits B) reserves C) loans D) all of the above E) none of the above

Economics