If by Purchasing More Apples and Fewer Oranges You Increase

question 229

True/False

If by purchasing more apples and fewer oranges you increase your total utility, then apples must be cheaper than oranges.

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Definitions:

Intelligence

The capacity to understand the world, think with rationality, and use resources effectively when faced with challenges.

Rationality

The quality of being based on or in accordance with reason or logic.

Challenges

Difficult situations that require a person to utilize skills and resources in order to overcome them.

Alfred Binet

A French psychologist best known for developing the first practical intelligence test, the foundation for modern IQ testing.