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Tom Is Buying a Quantity of Wheat at Which the Marginal

Question 135

Multiple Choice

Tom is buying a quantity of wheat at which the marginal utility (in dollars) exceeds price.He should


A) reduce wheat consumption, thus raising P to the level at which MU = P.
B) reduce wheat consumption, thus raising MU to the level at which MU = P.
C) increase wheat consumption, thus raising P to the level at which MU = P.
D) increase wheat consumption, thus lowering MU to the level at which MU = P.

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