If by purchasing a little more milk and a little less ice cream you could increase your total utility,
A)the MU of milk must be greater than that of ice cream
B)the MU of ice cream must be greater than that of milk
C)the MU/P of milk must be greater than that of ice cream
D)milk must be cheaper than ice cream
E)the MU of milk will increase

Question

Quizplus · Accepted Answer

The marginal utility per price (MU/P) of milk must be greater than that of ice cream for the consumer to increase total utility by purchasing more milk and less ice cream.

If by Purchasing a Little More Milk and a Little