Author Question: Usharani consumes 35 apples a week and 14 loaves of bread. Apples cost 1 each and bread costs 2 per ... (Read 90 times)

hubes95 · **on:** Jun 29, 2018

Usharani consumes 35 apples a week and 14 loaves of bread. Apples cost 1 each and bread costs 2 per loaf. Usharani is maximizing his utility and finds that the marginal utility from his 35th apple

A) equals his marginal utility from his 14th loaf of bread.
B) is twice his marginal utility from his 14th loaf of bread.
C) is half his marginal utility from his 14th loaf of bread.
D) is such that his total utility from apples equals his total utility from bread.

Question 2

The distribution of income in the United States is skewed so that the mode level of household income is ________ the median household income and the median household income is ________ than the mean household income.

A) less than; less than
B) less than; greater than
C) greater than; greater than
D) greater than; less than