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Author Question: If a consumer always buys goods rationally, then A) the marginal utility per dollar spent on all ... (Read 123 times)

lbcchick

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on: Jun 29, 2018
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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dreamfighter72

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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