18. Consumer Choice and Behavioral Economics
Consumer Optimum Consumption: Marginal Utility per Dollar Spent
Multiple Choice
Multiple ChoiceHollywood Slim consumes movies and popcorn. If his marginal utility per dollar from movies is 8 and his marginal utility from popcorn is 7,
A
Total utility is maximized
B
Marginal utility is maximized
C
Total income must increase in order to reach an optimum consumption
D
Total utility could increase by buying more popcorn and less movies
E
Total utility could increase by buying more movies and less popcorn
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