Shelley Is Maximizing Utility in Her Consumption of Mansions and Porsches

question 67

Multiple Choice

Shelley is maximizing utility in her consumption of mansions and Porsches. If the marginal utility of her last purchased mansion is twice the marginal utility of her last purchased Porsche, then we know

• A)Shelley buys twice as many mansions as Porsches.
• B)Shelley buys twice as many Porsches as mansions.
• C)Shelley buys more Porsches than mansions, but we do not know how many more.
• D)the price of a mansion is twice the price of a Porsche.
• E)the price of a Porsche is twice the price of a mansion.

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Definitions:

Select Record

The action or process of highlighting or choosing a specific piece of data or record from a collection for further operations.

Make-Table Query

A query in database systems that creates a new table from the results of a selection query.

Action Query

A type of query in databases that performs an action on the data, such as insert, update, or delete operations.

Select Query

A database query that retrieves data based on specific criteria from one or more tables.