Suppose Paul has chosen a combination of two goods, A and B, such that the marginal utility per dollar spent for good A (MUA/PA) is 0.6 and the marginal utility per dollar spent for good B (MUB/PB) is 1. To increase utility with the same amount of money, Paul should: A. increase the number of both A and B consumed. B. increase the number of B consumed and decrease the number of A consumed C. do nothing; he cannot increase total utility. D. increase the number of A consumed and decrease the number of B consumed.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose Paul has chosen a combination of two goods, A and B, such that the marginal utility per dollar spent for good A (MUA/PA) is 0.6 and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Giorgio Italian Market bought $5,600 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the $5,600. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
Answers (1)
Thom owes $8,600 on his credit card. The credit card carries an APR of 19.1 percent compounded monthly.
Answers (1)
Sales tax is calculated A. Based on the number of items purchased. B. Using a percentage of he price of an item. C. Before a sale discount is applied. D. As a percentage based on federal law.
Answers (2)
Why did Lehman Brothers declare bankruptcy and Bear Stearns have to be bailed out by the federal government?
Answers (1)
Capital brought into a business in exchange for a percent of ownership in the business is called A: finding B:debt financing C:liabilities D:equity financing
Answers (1)
New Questions in Business
There are plenty of products and services on the market that customers can choose from. however, customers select the business in which they purchase products based on the perceived value of the business and product.
Answers (1)
A married couple abandoned their principal residence in May. They had purchased the house five years ago for $350,000. The house had a current fair market value of $300,000.
Answers (1)
6 If you are a driver under 21 with a breath or blood alcohol level of. 05 or higher you will be required to:
Answers (1)
Why do you think companies felt that unions were "conspiracies that interfere with property rights"?
Answers (1)
When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-time secretary in the legal department with contacts throughout the organization.
Answers (1)