Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that
A) her total utility from consuming pizzas had been negative.
B) her marginal utility from consuming pizzas had been negative.
C) her marginal utility from consuming pizzas had been zero.
D) pizza is an inferior good for Renee.
D
Economics
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The Sherman Act prohibits:
a. contracts in restraint of commerce b. monopolization of an industry c. price discrimination d. a and b e. a, b, and c
Economics
Refer to the given data. If government provides a per-unit subsidy of $2 to suppliers of this product, equilibrium price and quantity would be:
A. $9 and 3,000.
B. $7.50 and 2,250.
C. $8.50 and 2,750.
D. $7 and 3,000.
Economics