If Good a Has a Marginal Utility of 30 and a Price

question 185

Multiple Choice

If good A has a marginal utility of 30 and a price of $5, and good B has a marginal utility of 10 and a price of $2, then:

• A) good A is a better buy than good B.
• B) good B is a better buy than good A.
• C) goods A and B are of equal value to this consumer.
• D) neither good A nor B is worth the money.
• E) goods A and B should both be purchased.

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Definitions:

Virtual Teams

are groups of individuals who work together from different geographic locations, connected by technology.

Demonstrated Benevolence

Evident actions or behavior by an individual showing goodwill, kindness, and a willingness to do good towards others.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, by the very terms of the prophecy itself, due to positive feedback between belief and behavior.

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as email, videoconference, and collaborative software.