Suppose You Are Consuming Hot Dogs and Cokes and Believe

question 90

Multiple Choice

Suppose you are consuming hot dogs and Cokes and believe you are receiving maximum total utility from the meal for your entire budget of $12.The price of a hot dog is $2 and the price of a Coke is $2.Which one of the following can you conclude?

• A)The total utility from hot dogs is maximized.
• B)The marginal utilities from hot dogs and Cokes divided by the quantity of each good must be equal.
• C)The total utilities from hot dogs and Cokes must be equal.
• D)You are purchasing three hot dogs and three Cokes.
• E)The marginal utilities from hot dogs and Cokes must be equal.

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Definitions:

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