If Marlowe Obtains 9 Units of Utility Per Dollar Spent

question 119

Multiple Choice

If Marlowe obtains 9 units of utility per dollar spent on apples and 6 units of utility per dollar spent on oranges, then Marlowe

• A)is maximizing total utility.
• B)should buy more apples and fewer oranges.
• C)should buy more oranges and fewer apples.
• D)should buy fewer oranges and fewer apples.

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Definitions:

Business Location

The geographical place where a company is situated, including considerations for market access, labor pool, cost, and regulatory environment.

Necessary Resources

The essential assets, materials, and inputs required for an organization to operate effectively and achieve its goals.

Proximity to Customers

The closeness of a business to its customers, which can influence customer satisfaction and loyalty.

Career Planning and Development

The ongoing process of managing one's career path, personal growth, and learning to achieve career objectives.