Author Question: An optimizing consumer makes her purchase decisions based on: A) the total benefits at various ... (Read 102 times)

serike · **on:** Jun 29, 2018

An optimizing consumer makes her purchase decisions based on:

A) the total benefits at various levels of consumption.
B) benefits per dollar spent at the margin.
C) the total benefits per dollar spent at various levels of consumption.
D) the benefits from the first dollar spent on consumption.

Question 2

A fish hatchery raises brook trout and rainbow trout. An increase in the market price of brook trout therefore tends to

A) reduce the demand for brook trout.
B) increase the hatchery's cost of raising rainbow trout.
C) increase the demand for brook trout.
D) decrease the hatchery's cost of raising rainbow trout.