Bar Flat Utility
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| 15 long PRY BAR flat utility 1 5 8 wide 3 8 thick | |
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Bar Flat Utility
question regarding microeconomics problem?
Miriam spends all of her $100 of income on pizzas and chocolate bars. A pizza costs $5, and a chocolate bar costs $2. At her current consumption of pizzas and chocolate bars, the marginal utility of a pizza is 50, while the marginal utility of a chocolate bar is 30. At Miriam’s current consumption of pizzas and chocolate bars, her indifference curve is _________ than her budget line, so she should purchase more _____________ and fewer __________. (Assume the quantity of chocolate bars is measured on the x axis, and the quantity of pizzas is measured on the y axis.)
a.steeper; pizzas; chocolate bars
b.steeper; chocolate bars; pizzas
c.flatter; pizzas; chocolate bars
d.flatter; chocolate bars; pizzas
b. steeper; chocolate bars; pizzas
50/5≠30/2
Ka-Bar Full-Size (plain edge) vs. Short (plain edge)