Suppose a Utility-Maximizing Person Consumes Only Two Goods,hamburgers and Milkshakes

question 129

Multiple Choice

Suppose a utility-maximizing person consumes only two goods,hamburgers and milkshakes.Suppose the price of milkshakes rises and all other variables remain constant.As a result,this person will certainly

• A)purchase more milkshakes and fewer hamburgers.
• B)reduce his/her consumption of both milkshakes and hamburgers.
• C)consume more hamburgers and the same amount of milkshakes.
• D)not increase his consumption of both milkshakes and hamburgers.
• E)increase his/her consumption of milkshakes.

---

Definitions:

Nonsexual Affection

Expressions of care or love that do not involve sexual activity, such as hugging or kissing on the cheek.

Americans

Citizens or nationals of the United States of America, characterized by a diverse population with a wide range of cultural, ethnic, and political backgrounds.

Marry

The legal or formally recognized union of two people as partners in a personal relationship, historically and typically in the context of a marriage ceremony.

Playboy

A man who engages in numerous casual sexual encounters or relationships and often is perceived as prioritizing leisure and pleasure.