Chuck and Barry Have Identical Total Utility Schedules but Chuck

question 9

Multiple Choice

Chuck and Barry have identical total utility schedules but Chuck has a much higher income.If each is maximizing his total utility,then

• A)they will have equal total utilities.
• B)Chuck will have lower total utility than Barry.
• C)Chuck will have lower marginal utility than Barry for each normal good consumed.
• D)Chuck will have higher marginal utility than Barry for each normal good consumed.
• E)they will have equal marginal utilities for each normal good consumed.

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Definitions:

Architect

A professional who designs buildings and in many cases also supervises their construction.

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Disposal Of Asset

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Long-Lived Assets

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