Jane Is Attempting to Maximize Utility by Selecting a Market

question 91

Multiple Choice

Jane is attempting to maximize utility by selecting a market basket of goods. For each of the goods in the market basket the marginal utility per dollar spent is equal. There are some goods which are affordable but do not appear in the Jane's market basket. If Jane has maximized utility, the marginal utility per dollar spent on each of the goods that does not appear in the market basket is:

• A) too high.
• B) too low.
• C) zero.
• D) infinite.
• E) none of the above

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Definitions:

Double[]

An array data structure that can hold multiple values, specifically of the double data type, which is used for storing double precision floating point numbers.

Method Heading

The part of a method declaration in programming that specifies the method's name, parameters, and return type.

Valid Call

A correctly structured function or method invocation that adheres to the defined parameters and syntax in programming.