Kate has to choose between eating Chinese food or Indian food. Which of the following equation, where MU is marginal uti

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

Kate has to choose between eating Chinese food or Indian food. Which of the following equation, where MU is marginal uti

Post by answerhappygod »

Kate has to choose between eating Chinese food or Indian
food. Which of the following equation, where MU is marginal
utility, TU is total utility, and P is price, will lead her to
achieve her consumer optimum?
a. TU Chinese=TU Indian
b. MU Chinese>TU Indian
c. MU/P Chinese= MU/P Indian
c. TU/P Chinese= TU/P Indian
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”