Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel = $4 and the price of an audio book = $8
If the marginal utility of the last novel was 32 units of utility (utils) what was the marginal utility of the last audio book purchased?
A) 2 utils B) 12 utils C) 16 utils D) 64 utils
D
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The inflation-reduction episode of the early 1980s was an example of an
A) expected inflation reduction fiscal policy by Congress. B) unexpected inflation reduction by the Fed. C) unexpected inflation reduction fiscal policy by Congress. D) unexpected inflation reduction by the Fed combined with an expected inflation reduction fiscal policy by Congress. E) expected inflation reduction by the Fed.
A Roth IRA differs from a traditional IRA in that
A. the Roth IRA allows for savings towards retirement. B. the Roth IRA is phased out at certain income levels. C. the Roth IRA is not tax deductible at the time it is deposited. D. all of these answer options are correct.
The demand for ________ is a ?derived demand.?
A. a dog groomer by a grooming shop B. U.S. Treasury bonds C. hot chocolate on a cold day D. hot dogs on the 4th of July
Consumption is a flow measure.
Answer the following statement true (T) or false (F)