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Author Question: If Bobby decides that his marginal utility per dollar spent on vanilla ice cream exceeds his ... (Read 66 times)

cool

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on: Jun 29, 2018
If Bobby decides that his marginal utility per dollar spent on vanilla ice cream exceeds his marginal utility per dollar spent on chocolate ice cream, he should then
 
  A) buy more chocolate ice cream and less vanilla ice cream.
  B) buy more vanilla ice cream and less chocolate ice cream.
  C) buy all the vanilla ice cream he can.
  D) never buy chocolate ice cream.

Question 2

In the figure above, a firm is operating at point A on the graph. At point A, the firm's average cost curve
 
  A) has negative slope.
  B) has positive slope.
  C) is horizontal.
  D) is vertical.


allisonblackmore

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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cool

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Reply #2 on: Jun 29, 2018
Correct answers!


allisonblackmore

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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