-Referring to the Above Table, Suppose Carl's Ratios of Marginal

question 400

Multiple Choice

-Referring to the above table, suppose Carl's ratios of marginal utility of beer to the price of beer and the marginal utility of hotdogs to the price of hotdogs are equal. If the price of beer increases

• A) Carl will probably consume more beer and fewer hotdogs.
• B) Carl will probably consume less beer and fewer hotdogs.
• C) Carl will probably consume less beer and more hotdogs.
• D) Carl will still consume the same amount of beer and hotdogs.

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