Multiple Choice
The fact that Alice spends no money on travel:
A) implies that she does not derive any satisfaction from travel.
B) implies that she is at a corner solution.
C) implies that her MRS does not equal the price ratio.
D) Any of the above are possible.
Correct Answer:
Verified
Related Questions
Q41: Which of the following statements is true
Q42: An increase in income, holding prices constant,
Q43: Suppose a consumer only purchases food and
Q44: An individual consumes only two goods, X
