The Opportunity Cost of Consuming Good a Is Lower Than

question 48

Multiple Choice

The opportunity cost of consuming good A is lower than the opportunity cost of consuming good B. This means that good:

• A) A has a higher marginal utility.
• B) B has a higher marginal utility.
• C) A has a higher marginal utility per dollar.
• D) B has a higher marginal utility per dollar.

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Definitions:

Visual World

The perception of the environment and objects around us through the sense of sight.

Perceived Loudness

The subjective interpretation of the intensity of a sound, which can vary depending on the listener and the context.

Pitch

The perceived frequency of a sound, determining how high or low it sounds.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths (or frequencies) of the light they reflect, emit, or transmit.