Solved

A) the Optimal Consumption Bundle Contains Five Movie Downloads and 10

Question 2

Multiple Choice

A) The optimal consumption bundle contains five movie downloads and 10 music downloads. B) The MRS is 0.50 at the optimal consumption bundle. C) The price per music download is half as expensive as the price per movie download. D) In the optimum consumption bundle, the marginal utility of movie downloads equals half the marginal utility of music downloads.


A) The optimal consumption bundle contains five movie downloads and 10 music downloads.
B) The MRS is 0.50 at the optimal consumption bundle.
C) The price per music download is half as expensive as the price per movie download.
D) In the optimum consumption bundle, the marginal utility of movie downloads equals half the marginal utility of music downloads.

Correct Answer:

verifed

Verified

Related Questions

Q1: Reference: Ref 23-4</p></div><svg width=

Q3: Reference: Ref 23-3</p></div><svg width=

Q4: Which of the following best illustrates the

Q5: A) The price</p></div><svg width=

Q7: Reference: Ref 23-1</p></div><svg width=

Q8: Amy purchased four cantaloupes at $2 each

Q9: By assuming diminishing marginal utility, we mean

Q9: Figure: Coffee and Comic Books

Q10: Reference: Ref 23-2</p></div><svg width=

Q11: (Figure: Marginal Rate of Substitution) Refer to

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents