When a consumer maximizes utility subject to a limited income, ...

[HudsonKB16]

When a consumer maximizes utility subject to a limited income, she allocates income across goods to the point that:
 a. the marginal price is the same for all goods.
 b. marginal utility is zero.
 c. marginal utility is negative.
 d. the marginal utility per dollar spent is the same for all goods.

Question 2

Intel microchips are an input in the production of a computer. When the demand for the computer declines:
 a. the quantity demanded of Intel microchips increases.
  b. the quantity demanded of Intel microchips declines.
  c. the demand for Intel microchips increases.
  d. the demand for Intel microchips decreases.
  e. there is no change in the demand for the Intel microchips.

[essyface1]

Answer to Question 1

d

Answer to Question 2

d

[HudsonKB16]

Correct answers!

[essyface1]

Great! Please up vote