Assume that for a given consumer, the marginal utility of wine is 100 and the price of wine is $60. Also, assume that the marginal utility of lobster is 200 and the price of lobster is $100. This consumer
A) should buy more wine.
B) should buy more lobster.
C) is in equilibrium.
D) can't tell; insufficient information given to answer the question
B) should buy more lobster.
You might also like to view...
____ ensures that only those with the rights and privileges to access information are able to do so.
A. Confidentiality B. Availability C. Integrity D. Risk assessment
What industry typically has the strongest intellectual property positions?
A. Technology B. Energy C. Pharmaceutical D. Agriculture
A transformer can be checked for shorted turns using a(n) _____.
a. VOM set to measure resistance b. TTR tester c. VOM set to measure current d. megger
Technician A says some front 4WD hubs must be manually locked and unlocked. Technician B says some front 4WD hubs can be automatically locked and unlocked. Which technician is correct?
A) Technician A B) Technician B C) Both technicians D) Neither technician