Solved

Suppose That Misty Likes Pizza and Hotdogs

Question 134

Multiple Choice

Suppose that Misty likes pizza and hotdogs.If her marginal utility per dollar from pizza is 6 and from hotdogs it is 5,Misty


A) is maximizing her total utility.
B) could increase her total utility by buying more hotdogs and less pizza.
C) could increase her total utility by buying more pizza and fewer hotdogs.
D) is maximizing her marginal utility.
E) must obtain more income in order to reach her consumer equilibrium.

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