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Table 4.4 -What Is True of the Consumer Whose Utility Values Are

Question 15

Multiple Choice

Table 4.4
Table 4.4 -What is true of the consumer whose utility values are given in Table 4.4? A) Her price elasticity of demand for CDs is zero. B) The number of CDs she chooses to purchase will not change as the price of CDs changes. C) Her consumption of CDs is characterized by diminishing marginal utility. D) The marginal utility derived from each CD is constant regardless of the number purchased.
-What is true of the consumer whose utility values are given in Table 4.4?


A) Her price elasticity of demand for CDs is zero.
B) The number of CDs she chooses to purchase will not change as the price of CDs changes.
C) Her consumption of CDs is characterized by diminishing marginal utility.
D) The marginal utility derived from each CD is constant regardless of the number purchased.

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