Chat with AI
Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 10
Assume a person's consumption of just the right amounts of pork and chicken is in equilibrium. We can conclude that the
A) marginal utility of pork must equal the marginal utility of chicken.
B) price of pork must equal the price of chicken.
C) ratio of marginal cost to price must be the same in both the pork and the chicken markets.
D) ratio of marginal utility to price must be the same for pork and chicken.
A) marginal utility of pork must equal the marginal utility of chicken.
B) price of pork must equal the price of chicken.
C) ratio of marginal cost to price must be the same in both the pork and the chicken markets.
D) ratio of marginal utility to price must be the same for pork and chicken.
Explanation
Verified
Verified
Since the price of pork and chicken are ...
Economics for Today 9th Edition by Irvin Tucker
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
