For Dessert,Mac Has the Choice Between Cheesecake and Apple Pie

question 56

Multiple Choice

For dessert,Mac has the choice between cheesecake and apple pie.The cheesecake has a marginal utility of 50 and a price of $5,and the apple pie has a marginal utility of 30 and a price of $3.Therefore,Mac should buy

• A)the cheesecake since the marginal utility is greater
• B)the apple pie because its price is lower
• C)two servings of apple pie and no cheesecake
• D)four servings of cheesecake
• E)either the apple pie or the cheesecake,it makes no difference

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.

Raising Money

The process by which businesses and other entities obtain capital from external sources to finance operations, projects, or expansions.

Proprietorship Form

A business structure owned by a single individual where there's no legal distinction between the owner and the business.

Raising Money

Raising money involves securing funds for a company or project through various means like debt, equity, or grants.