The table below shows the total utility associated with various units of goods X and Y.Table 7.5
-If the price of videotapes decreases, then the _____.
A) marginal utility of videotapes will decrease
B) marginal utility of videotapes will increase
C) marginal utility per dollar of videotapes will decrease
D) marginal utility per dollar of videotapes will increase
E) total utility of videotapes will increase
Correct Answer:
Verified
Q94: The below indifference map shows the various
Q95: The table below shows the total utility
Q96: The table below shows the total utility
Q97: The table below shows the total utility
Q98: The table below shows the total utility
Q100: The table below shows the total utility
Q101: The figure given below represents two indifference
Q102: The below figure shows the various combinations
Q103: The below figure shows the various combinations
Q104: The below figure shows the various combinations
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