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:

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