Carolyn Spends Her Income on Popular Magazines and Music CDs

question 116

Multiple Choice

Carolyn spends her income on popular magazines and music CDs.If the price of a CD is four times the price of a magazine and if Carolyn is maximising her utility, she buys

• A)both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased.
• B)both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased.
• C)four times as many magazines as CDs.
• D)four times as many CDs as magazines.

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Definitions:

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Reasonable Accommodations

Adjustments or modifications made in a workplace, or other settings, to enable individuals with disabilities to perform their jobs or participate in activities.

ADA Guidelines

Standards and recommendations provided by the American Dental Association for dental care professionals to ensure proper dental health care and practices.