Suppose the price of a glass of orange juice is $2 and that of a glass of soft drink is $1.A utility-maximizing consumer would buy _____
A)more glasses of juice, as a glass of juice has higher marginal utility than a glass of soft drink.
B)more glasses of soft drink, as a glass of soft drink has higher marginal utility than a glass of juice.
C)equal quantities of juice and soft drink, as the marginal utilities of a glass of juice and a glass of soft drink are the same.
D)more soft drink, as a glass of soft drink is cheaper than a glass of juice.
E)more glasses of juice, as the ratio of the total utility of an extra glass of juice to its price is more than that of a glass of soft drink.

Question

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The Answer of Suppose the price of a glass of orange juice is $2 and that of a glass of soft drink is $1.A utility-maximizing consumer would buy _____
A)more glasses of juice, as a glass of juice has higher marginal utility than a glass of soft drink.
B)more glasses of soft drink, as a glass of soft drink has higher marginal utility than a glass of juice.
C)equal quantities of juice and soft drink, as the marginal utilities of a glass of juice and a glass of soft drink are the same.
D)more soft drink, as a glass of soft drink is cheaper than a glass of juice.
E)more glasses of juice, as the ratio of the total utility of an extra glass of juice to its price is more than that of a glass of soft drink.

Suppose the Price of a Glass of Orange Juice Is