A Consumer Was at an Optimum

question 353

Multiple Choice

A consumer was at an optimum. She then discovers that the marginal utility per dollar spent on food is more than the marginal utility per dollar spent on movies. She knows then that

• A) the price of movies must have decreased.
• B) the price of food must have increased.
• C) the price of movies must have increased or the price of food must have decreased.
• D) the price of movies must have decreased or the price of food must have increased.

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Definitions:

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Emotional Support

Assistance provided through empathy, concern, and encouragement to help someone cope with emotional stress.

Infatuation

An intense but short-lived passion or admiration for someone or something, often mistaken for love.

Social Media

Platforms that enable users to create and share content or to participate in social networking.