Suppose a Utility-Maximizing Person Consumes Only Two Goods,hamburgers and Milkshakes

question 129

Multiple Choice

Suppose a utility-maximizing person consumes only two goods,hamburgers and milkshakes.Suppose the price of milkshakes rises and all other variables remain constant.As a result,this person will certainly

• A)purchase more milkshakes and fewer hamburgers.
• B)reduce his/her consumption of both milkshakes and hamburgers.
• C)consume more hamburgers and the same amount of milkshakes.
• D)not increase his consumption of both milkshakes and hamburgers.
• E)increase his/her consumption of milkshakes.

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Definitions:

Dealing

The act of engaging in commercial transactions or negotiations.

Calorie Restrictions

A dietary regimen involving reduced calorie intake without malnutrition, often researched for its potential health benefits and longevity effects.

Diet

The variety of foods and beverages consumed by an individual, especially with regard to maintaining or improving health.

Dislike

A feeling of disapproval or dissatisfaction towards someone or something.