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the price of a video is $3 and the price of a dinner is $ 9. From this we know t

ID: 1183446 • Letter: T

Question

the price of a video is $3 and the price of a dinner is $ 9. From this we know that a consumer who is maximizing utility will a) buy enough of the two goods such that the marginal utility from the last c)is three times greather that the marginal utility from the last dinner b) buy three times as many dinner as videos c) buy three times as many videos as dinners d) buy enough of the two goods such that the marginal utility from the last dinner consumed is three times greater that the marginal utility from the last video I chose A

Explanation / Answer

c) buy three times as many videos as dinners

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