Question
Assume Anna is consuming two goods, movies and books, and at her current level of consumption, the marginal utility of the last movie is 60
Assume Anna is consuming two goods, movies and books, and at her current level of consumption, the marginal utility of the last movie is 60 and the marginal utility of the last book is 30. The price of a movie is $12 and the price of a book is $4. In order to maximize her utility, what should Anna do?
.
a
Increase her consumption of both movies and books
b
Decrease her consumption of both movies and books
c
Do nothingshe's maximizing her utility
d
Decrease her consumption of movies and increase her consumption of books
e
Increase her consumption of movies and decrease her consumption of books
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Public Personnel Administration And Labor Relations
Authors: Norma M Riccucci
1st Edition
1317461754, 9781317461753
