Solved

Emma Consumes Only Hot Dogs and Hamburgers

Question 116

Multiple Choice

Emma consumes only hot dogs and hamburgers. She is at her consumer equilibrium. Hot dogs and hamburgers have the same marginal utility. Thus


A) her total utility from all the hot dogs eaten must be the same as her total utility from all the hamburgers eaten.
B) the price of a hot dog and the price of a hamburger must be the same.
C) she must be eating the same number of hot dogs and hamburgers.
D) Both answers B and C are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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