At the utility maximizing level, the price of a shirt is $15 and the price of a trouser is $12 . At this level, the marginal utility derived from the shirt is 30 utils and the marginal utility derived from the trouser is _____

Production inefficiency is most likely to occur when the principal has more information about work performance than the agent does

Indicate whether the statement is true or false

Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $400?

A. -0.45 B. 0.69 C. 1.45 D. 0.7