Kate has to choose between eating Chinese food or Indian food. Which of the following equation, where MU is marginal uti
Posted: Thu May 19, 2022 8:09 am
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
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