If by Purchasing a Little More Milk and a Little

question 50

Multiple Choice

If by purchasing a little more milk and a little less ice cream you could increase your total utility,

• A)the MU of milk must be greater than that of ice cream
• B)the MU of ice cream must be greater than that of milk
• C)the MU/P of milk must be greater than that of ice cream
• D)milk must be cheaper than ice cream
• E)the MU of milk will increase

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Definitions:

Desired Return

The specific profit that an investor aims to achieve from an investment.

Investment

The allocation of resources, such as time, money, or effort, in something with the expectation of receiving a future return or profit.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business center or segment.

Net Operating Income

A company's earnings derived from its regular business operations, excluding income from investments and after expenses have been deducted.