Sergio Is Maximizing Utility in His Consumption of Beer and Bubble

question 115

Multiple Choice

Sergio is maximizing utility in his consumption of beer and bubble gum.If the price of beer is greater than the price of bubble gum,then we know

• A)Sergio buys more beer than bubble gum.
• B)Sergio buys more bubble gum than beer.
• C)the marginal utility from the last purchased beer is greater than the marginal utility from the last purchased bubble gum.
• D)the marginal utility from the last purchased bubble gum is greater than the marginal utility from the last purchased beer.
• E)the marginal utilities from the last purchased beer and bubble gum are equal.

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