The Marginal Utility of Good a Is 6 and the Marginal

question 396

Multiple Choice

The marginal utility of good A is 6 and the marginal utility of good B is 15. The price of good A is $2. The price of good B must be ________ if the consumer is optimizing her utility.

• A) $2
• B) $5
• C) $45
• D) $15

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Definitions:

Larger Society

The broader social context or community that encompasses smaller groups and individuals, often influencing norms, behaviors, and cultural trends.

Literary Work

Creative writing considered to have artistic or intellectual value, including novels, poetry, and plays.

Clear Expression

The act of conveying ideas, thoughts, or feelings in a way that is easy to understand.

Patriarchy

A social system in which males hold primary power, predominating in roles of political leadership, moral authority, social privilege, and control of property.