Author Question: When Ramona is in consumer equilibrium A) her total utilities of all goods are equal. B) she is ... (Read 32 times)

Lisaclaire · **on:** Jun 29, 2018

When Ramona is in consumer equilibrium

A) her total utilities of all goods are equal.
B) she is maximizing her utility, given her income and the prices of goods and services.
C) her total utility per dollar spent is equal for all goods.
D) any change in prices would make her worse off.

Question 2

In the above figure, a sales tax of 1 per unit imposed on sellers ________ the price buyers pay and ________ the price that suppliers keep for themselves.

A) affects; does not affect
B) does not affect; affects
C) does not affect; does not affect
D) affects; affects