Assume That a Person Is Consuming the Utility-Maximizing Quantities of Pork

question 164

Multiple Choice

Assume that a person is consuming the utility-maximizing quantities of pork and chicken.We can conclude that:

• A) the price of pork equals the price of chicken.
• B) the marginal utility of pork equals the marginal utility of chicken.
• C) the ratio of the marginal utility to price is the same for pork and for chicken.
• D) both A and B are true.

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