Examlex

Solved

Assume That Diminishing Marginal Utility Applies to Both Ballet Slippers

question 133

Multiple Choice

Assume that diminishing marginal utility applies to both ballet slippers and tutus and that Natasha is spending all of her income.If Natasha purchases a combination of ballet slippers and tutus such that MUSlippers/ /PSlippers = 20 and MUTutus/ /PTutus = 5,to maximize utility,Natasha should buy _____ slippers and _____ tutus.


Definitions:

Balance Sheet

A “snapshot” of an organization’s financial position at a given moment.

Related Questions