Author Question: Shaniq has seen two movies this week and two baseball games. Her marginal utility of one more movie ... (Read 124 times)

SGallaher96 · **on:** Jun 29, 2018

Shaniq has seen two movies this week and two baseball games. Her marginal utility of one more movie is 20 and her marginal utility of one more baseball game is 30. Shaniq will go to a baseball game tonight, rather than to another movie

A) no matter how much more the baseball game costs compared to the movie.
B) if the baseball game costs 10.00 and the movie costs 7.00.
C) if the baseball game costs 10.00 and the movie costs 5.00.
D) Both answers B and C are correct.

Question 2

If the price level in Great Britain increases from 102 to 105 (holding all else constant), real wealth ________ and there is a movement ________ along Great Britain's aggregate demand curve.

A) decreases; upward
B) increases; upward
C) decreases; downward
D) increases; downward