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02-28-2008, 05:41 PM
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| Please help me with this Economics questions? 15) a consumer who buys good X and good Y is initially at consumer equilibrium. If the price of good X increases, which of the following statements is false? A)the marginal utility of good Y stays the same. B)The marginal utility of good X stays the same. C) the marginal utility per dollar of good Y changes. D) the marginal utility per dollar of good X changes. Pat is currently at consumer equilibrium purchasing movie tickets and renting videos. The price of movie tickets increases. Which of the following statements is true? A) Pat will purchase the same combination of movie tickets and video rentals as she did in the initial consumer equilibirum B) Immediately after the price increase, the marginal utility per dollar spent on movie tickets is higher than the marginal utility per dollar spent on videos. C)Before the price increase, the marginal utility per dollar for the last dollar spent on movie tickets equaled the marginal utility per dollar for the last dollar spent on videos. D) all of the above please help me... i dont want to fail this class.      |
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