
Economics for Today 9th Edition by Irvin Tucker
النسخة 9الرقم المعياري الدولي: 978-1305507111
Economics for Today 9th Edition by Irvin Tucker
النسخة 9الرقم المعياري الدولي: 978-1305507111 تمرين 16
Assume an individual consumes only milk and doughnuts, and has arranged consumption so that the last glass of milk yields 12 utils and the last doughnut 6 utils. If the price of milk is $1 per glass and the price of a doughnut is $.50, we can conclude that the
A) consumer should consume less milk and more doughnuts.
B) price of milk is too high relative to doughnuts.
C) consumer should consume more milk and fewer doughnuts.
D) consumer is in equilibrium.
A) consumer should consume less milk and more doughnuts.
B) price of milk is too high relative to doughnuts.
C) consumer should consume more milk and fewer doughnuts.
D) consumer is in equilibrium.
التوضيح
After plugging in the values for milk an...
Economics for Today 9th Edition by Irvin Tucker
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