Suppose a Glass of Orange Juice Has a Price of $2

question 170

Multiple Choice

Suppose a glass of orange juice has a price of $2 and a glass of soft drink has a price of $1.If the consumer is maximizing utility,

• A)juice must have higher MU than soda drink
• B)the soft drink must have higher MU than juice
• C)both must have equal MU
• D)consumers would buy more soda drink than orange juice
• E)the consumer would buy twice as much orange juice as soft drink

---

Definitions:

Succession Plan

Describes how the leadership transition and related financial matters will be handled.

Ownership Transfer

The process by which the legal rights and responsibilities of owning an asset or property are transferred from one party to another.

Financial Plans

Strategic documents that outline an entity's current financial situation and long-term monetary goals, including strategies for achieving them.

Business-to-Business

Refers to transactions or relationships between businesses rather than between a business and individual consumer.