If the ratios of prices and the ratios of marginal utilities are not equal,then Mary,with a tight and limited budget for food,can increase her welfare by
A) not spending on food at all.
B) changing the price of food.
C) waiting for the prices to fall before spending on any food.
D) reducing the consumption of foods that yield relatively low amounts of marginal utility per dollar.
E) increasing consumption of all food.
Correct Answer:
Verified
Q49: Q50: Q51: If the ratios of prices and the Q52: Q53: Assume that the consumer is correctly applying Q55: Jake applies the rational spending rule and Q56: Assume that the consumer is correctly applying Q57: Assume that consumers in both Alberta and Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()