Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that
A) her total utility from consuming pizzas had been negative.
B) her marginal utility from consuming pizzas had been negative.
C) her marginal utility from consuming pizzas had been zero.
D) pizza is an inferior good for Renee.
Correct Answer:
Verified
Q250: Marginal utility theory predicts that
A) when the
Q251: The only goods you consume are pizza
Q252: Kirk consumes normal goods. If Kirk's income
Q253: Lucy buys only magazines and CDs. Both
Q254: Marginal utility theory predicts that if a
Q256: Pizza Pepsi Q257: Marginal utility theory predicts that an increase Q258: Marginal utility theory predicts that when income Q259: Pizza Pepsi Q260: Steve is in a consumer equilibrium. Then,
![]()
![]()
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