Movie theaters would make more money if they offered students the same type of discounts on popcorn that they do on admission.

Suppose a consumer wants to obtain the highest possible satisfaction from goods purchased on a fixed budget. Which of the following must be equal for all goods?

a. Total utility. b. Marginal utility. c. Average utility. d. Marginal utility per dollar.

A perfectly competitive firm is a "price taker" because it cannot sell its product for more than the market price

a. True b. False Indicate whether the statement is true or false