Suppose Renee Can Increase Her Total Utility from Consuming Video

question 92

Multiple Choice

Suppose Renee can increase her total utility from consuming video rentals and books by buying one more book and renting one fewer video.Which of the following is true?

• A)The marginal utility of video rentals is negative.
• B)The marginal utility per dollar spent on books exceeds that of video rentals.
• C)The marginal utility of the last book consumed exceeds the marginal utility of the last video rental consumed.
• D)The marginal utility of the last video rental consumed exceeds the marginal utility of the last book consumed.

---

Definitions:

Geert Hofstede

A Dutch social psychologist known for his research on the cultural dimensions of business and management.

International Labor

Involves the labor practices, standards, and workforce dynamics that span across national borders, often influenced by global economic and political relations.

Labor Relations

The study and practice of managing the relationship between employers and their workforce, including the negotiation of labor contracts and resolving disputes.

Compensate Expatriates

The process of providing financial and non-financial benefits to employees working outside their home countries, often to offset the challenges of living abroad.