Answers

DP

Answered

If Paloma is consuming the utility-maximizing quantities of pizza and soda pop:

A) the price of pizza equals the price of soda pop.
B) the marginal utility of pizza is equal to the marginal utility of soda pop.
C) the ratio of the marginal utility to price is the same for pizza as it is for soda pop.
D) the total utility of pizza is equal to the total utility of soda pop.

On Jul 07, 2024


C
DP

Answered

When an item has a value in the base period and zero in the analysis period,the decrease is 0 percent.

On Jul 02, 2024


False