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:

Physical Gender

The biological and anatomical characteristics that define individuals as male or female.

Demographic Variables

Characteristics of human populations used in market segmentation, such as age, gender, income, education, and occupation.

Traditional Families

Refers to a family structure commonly consisting of two parents and their children, emphasizing customary roles and values.

State of Alabama

A state located in the southeastern region of the United States, known for its rich history in civil rights movements and diverse physical geography.