Frank Is Purchasing Products C and D in Utility-Maximizing Amounts

question 143

Multiple Choice

Frank is purchasing products C and D in utility-maximizing amounts. If the price of C is $4 and the price of D is $2, then

• A)the marginal utility of D is twice that of C.
• B)the marginal utility of D is the same as that of C.
• C)the marginal utility of C is twice that of D.
• D)the relationship between the marginal utility of C and D cannot be determined.

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Definitions:

Health Disparities

Differences in health outcomes and access to healthcare among different population groups, often influenced by social, environmental, and economic factors.

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Racial Disparities

Differences or inequalities in outcomes or conditions among racial or ethnic groups.

Ethnic Disparities

Differences in health outcomes and health care access among various ethnic groups, often due to social, economic, and environmental factors.