Author Question: If a consumer always buys goods rationally, then A) the marginal utility per dollar spent on all ... (Read 145 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
If a consumer always buys goods rationally, then
 
  A) the marginal utility per dollar spent on all goods will be equal.
  B) the marginal utility of the different goods consumed will be equal.
  C) the average utilities of the different goods consumed will be equal.
  D) the total utilities of the different goods consumed will be equal.

Question 2

The process a firm uses to turn inputs into outputs of goods and services is called technology.
 
  Indicate whether the statement is true or false


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

A

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library