If Ms Petersen Is Maximizing Her Utility in the Consumption of of Goods

question 103

Multiple Choice

If Ms. Petersen is maximizing her utility in the consumption of goods A and B, which one of the following statements must be true?

• A)MUA = MUB
• B)MUA/PA = MUB/PB
• C)MUA/PB = MUB/PA
• D)TUA = TUB
• E)TUA/PA = TUB/PB

---

Definitions:

Farming

The practice of cultivating plants and livestock to produce food, fiber, and other products.

Fishing

The activity of catching fish, either for commercial, recreational, or subsistence purposes.

Logging

The process of cutting down trees, removing branches and foliage, and transporting timber for processing or sale.

Mining

The process of extracting valuable minerals or other geological materials from the Earth's surface.