Suppose Amanda spends all of her income of $1,000 on mascara (M) and chocolate (C) at her consumer equilibrium. The pric

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Suppose Amanda spends all of her income of $1,000 on mascara (M) and chocolate (C) at her consumer equilibrium. The pric

Post by answerhappygod »

Suppose Amanda spends all of her income of $1,000 on mascara (M)and chocolate (C) at her consumer equilibrium. The prices per unitare PM = $5 and PC = $10. Which ofthe following statements about Amanda's marginal utility (MU) isconsistent with her being at her consumer equilibrium?
a. MUM = 10, MUC = 10
b. MUM = 10, MUC = 5
c. MUM = 5, MUC = 5
d. MUM = 5, MUC = 10
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”