Frannie spends her income on rice and beans. At her optimum, Frannie's
A) utility from consuming rice is equal to her utility from consuming beams.
B) marginal utility of rice is equal to her marginal utility of beans.
C) marginal utility per dollar spent on rice equals her marginal utility per dollar spent on beans.
D) marginal rate of substitution is equal to 1.
Correct Answer:
Verified
Q273: Figure 21-25 The figure pertains to a
Q274: Figure 21-24 The figure shows three indifference
Q275: Figure 21-25 The figure pertains to a
Q276: Figure 21-25 The figure pertains to a
Q277: Figure 21-24 The figure shows three indifference
Q279: Figure 21-25 The figure pertains to a
Q280: Figure 21-24 The figure shows three indifference
Q281: Indifference curves graphically represent
A)an income level sufficient
Q282: Irene is a vegetarian, so she does
Q283: A consumer
A)is equally satisfied with any indifference
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