If the Marginal Utility Per Dollar Is Not the Same

question 70

Multiple Choice

If the marginal utility per dollar is not the same for each good,the consumer could ________ her utility by spending ________ on goods for which the marginal utility per dollar is higher.

• A) increase; more
• B) increase; less
• C) decrease; more
• D) minimize; more

---

Definitions:

Liquid Asset

An asset that can easily be converted into cash in a short period without losing value.

Function Of Money

Refers to the main roles of money in an economy, which include being a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.

Functions Of Money

Money serves as a medium of exchange, a measure of value, a standard of deferred payment, and a store of wealth.

President

The elected head of a republican state or the executive leader of an organization, company, club, or other governing body.