You Consider Yourself to Be Wise Consumer

question 362

Multiple Choice

You consider yourself to be wise consumer. The marginal utility/price ratio of coffee is 12 utils per dollar. If the price of a donut is $0.75, you should only buy the donut if it gives you at least

• A) 16 utils of satisfaction.
• B) 9 utils of satisfaction.
• C) 12 utils of satisfaction.
• D) The answer cannot be determined with this information.

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Definitions:

Triple Bottom Line

A sustainability framework that evaluates a company's social, environmental, and financial performance to measure its full impact.

Environmental

Relating to the natural world and the impact of human activity on its condition.

Cost of Goods Sold

Expenses directly associated with the production process of goods for sale by a company, including both labor and materials.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including materials, labor, and overhead.