Scenario 5.1 The Demand for Noodles Is Given by the Following Equation

question 70

Multiple Choice

Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P_x. Assume that P = $8, I = 200, and P_x = $10.
-Total utility is maximized when _____.

• A)the marginal utility is maximized
• B)the marginal utility is the same for all goods consumed
• C)the marginal utility per dollar expenditure is maximized
• D)the marginal utility per dollar expenditure is the same for all goods consumed
• E)any change in purchases from good A to good B reduces marginal satisfaction

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