Figure 10-1
-Refer to Figure 10-1.Which of the following statements is true?
A)Quantities Q0 and Q1 are the utility-maximizing quantities of hoagies at two different prices of hoagies.
B)Quantities Q0 and Q1 may not necessarily be the utility-maximizing quantities of hoagies at two different prices because we have no information on the consumer's budget or the price of other goods.
C)Quantity Q0 could be a utility-maximizing choice if the price is $5.75,but quantity Q1 may not be because we have no information on the marginal utility per dollar when price changes.
D)Quantities Q0 and Q1 are derived independently of the utility-maximizing model.

Question

Figure 10-1 
-Refer to Figure 10-1.Which of the following statements is true?
A)Quantities Q0 and Q1 are the utility-maximizing quantities of hoagies at two different prices of hoagies. 
B)Quantities Q0 and Q1 may not necessarily be the utility-maximizing quantities of hoagies at two different prices because we have no information on the consumer's budget or the price of other goods. 
C)Quantity Q0 could be a utility-maximizing choice if the price is $5.75,but quantity Q1 may not be because we have no information on the marginal utility per dollar when price changes. 
D)Quantities Q0 and Q1 are derived independently of the utility-maximizing model.

Quizplus · Accepted Answer

The Answer of Figure 10-1 
-Refer to Figure 10-1.Which of the following statements is true?
A)Quantities Q0 and Q1 are the utility-maximizing quantities of hoagies at two different prices of hoagies. 
B)Quantities Q0 and Q1 may not necessarily be the utility-maximizing quantities of hoagies at two different prices because we have no information on the consumer's budget or the price of other goods. 
C)Quantity Q0 could be a utility-maximizing choice if the price is $5.75,but quantity Q1 may not be because we have no information on the marginal utility per dollar when price changes. 
D)Quantities Q0 and Q1 are derived independently of the utility-maximizing model.

Figure 10-1 -Refer to Figure 10-1.Which of the Following Statements Is True