Shelley Is Maximizing Utility in Her Consumption of Mansions and Porsches.If

question 55

Multiple Choice

Shelley is maximizing utility in her consumption of mansions and Porsches.If the marginal utility from her last purchased mansion is twice the marginal utility from her last purchased Porsche,then we know

• A)Shelley buys twice as many mansions as Porsches.
• B)Shelley buys twice as many Porsches as mansions.
• C)Shelley buys more Porsches than mansions,but we do not know how many more.
• D)the price of a mansion is twice the price of a Porsche.
• E)the price of a Porsche is twice the price of a mansion.

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Definitions:

Trade Route

Established paths or corridors across land or sea along which goods are transported and traded between different geographic areas or countries.

Canal System

A network of artificial waterways constructed to allow for the transportation of goods and people, often playing a key role in economic development.

Epic of Deganawidah

A traditional Iroquois (Haudenosaunee) narrative that captures the founding and philosophies of the Iroquois Confederacy, emphasizing peace and unity among the five (later six) nations.

Iroquois Confederation

A historic alliance of six Native American tribes in the northeastern United States, known for their sophisticated political system and influence in the region.