Keesha consumes only milkshakes and burgers. Once at her consumer equilibrium, what would happen if she changed her consumption by purchasing one more milkshake and one fewer burger?
A) The marginal utility of a burger would decrease.
B) The marginal utility of a milkshake would increase.
C) The total utility from the consumption of both goods would decrease.
D) all of the above
C
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The Board of Governors of the Federal Reserve System does NOT
A) consist of seven members with fourteen-year terms. B) include the presidents of the twelve Federal Reserve Banks. C) utilize a system of rotations so that a position comes open every two years. D) consist of members whose appointments have been approved by the Senate.
If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then demand is:
a. elastic. b. inelastic. c. of unitary elasticity. d. 0. e. inferior.
Which of the following is true of an increase in the federal government budget surplus? a. An increase in surplus results in a decrease in the national saving. b. An increase in surplus shifts the aggregate demand curve rightward. c. An increase in surplus increases the federal debt
d. An increase in surplus dampens aggregate demand in the short run. e. An increase in surplus increases the natural rate of unemployment.
A common tool for restricting trade through quantity is:
A. a tariff. B. immigration restrictions. C. international waters use policies. D. import quota.