The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an individual maximizing utility. This implies that A) the coffee to donuts price ratio is four to one. B) a donut is four times more valuable than a cup of coffee. C) this person always eats donuts with coffee. D) the coffee to donuts price ratio is one to four.
The ratio of the marginal utility of coffee to the marginal utility of donuts is four for an individual maximizing utility. This implies that A) the coffee to donuts price ratio is four to one. B) a donut is four times more valuable than a cup of coffee. C) this person always eats donuts with coffee. D) the coffee to donuts price ratio is one to four.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
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The ratio of the
A) the coffee to donuts price ratio is four to one.
B) a donut is four times more valuable than a cup of coffee.
C) this person always eats donuts with coffee.
D) the coffee to donuts price ratio is one to four.
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