Suppose Enid Could Increase Her Total Utility by Purchasing One

question 120

Multiple Choice

Suppose Enid could increase her total utility by purchasing one more book and one less DVD. Which of the following is true?​

• A)The marginal utility of an additional DVD exceeds the marginal utility of an additional book.
• B)The marginal utility of an additional book exceeds the marginal utility of an additional DVD.
• C)The marginal utility of an additional DVD is negative.
• D)The marginal utility of per dollar spent on books exceeds that of DVDs.
• E)The marginal utility of per dollar spent on books equals that of DVDs.

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Definitions:

Volatile

Characterized by rapid and unpredictable changes, often seen in financial markets, prices, or demand patterns.

Supply Chain Companies

Businesses involved in the movement of goods from manufacturers to consumers, including production, distribution, and fulfillment services.

Off-Shore Sourcing

The practice of sourcing products or services from suppliers located in foreign countries, often to take advantage of lower costs or specialized skills.

External Forces

External forces refer to outside influences that affect an organization, market, or environment, such as economic conditions, legal policies, and social trends.