Suppose for a Consumer the Marginal Utility (MU) of Bread

question 143

Multiple Choice

Suppose for a consumer the marginal utility (MU) of bread is 20 utils and the MU of milk is 10 utils; the price of bread is $3 and the price of milk is $1. Given this,

• A)more utility per dollar is gained from consuming bread than milk.
• B)more utility per dollar is gained from consuming milk than bread.
• C)the same amount of utility per dollar is gained from consuming milk as bread.
• D)the consumer is in consumer equilibrium.

---

Definitions:

Duplication of Selling Effort

A situation where multiple sales channels or team members target the same customer or market segment, leading to inefficiency.

Selling Organization

A business or entity dedicated to the sale of products or services, focusing on strategies and processes to drive sales performance.

Independent Agents

Individuals or entities that sell products or services on behalf of multiple companies without being directly employed by them, often seen in insurance and real estate industries.

Company Salespeople

Personnel employed by a company whose primary function is to sell the company's products or services.