Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility of Pears Jake 6 12 Latasha 6 6 Nick 6 3 Rosa 3 6 Tim 3 12 The price of an apple is $1, and the price of a pear is $2. Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply. Jake Latasha Nick Rosa Tim
Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility of Pears Jake 6 12 Latasha 6 6 Nick 6 3 Rosa 3 6 Tim 3 12 The price of an apple is $1, and the price of a pear is $2. Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply. Jake Latasha Nick Rosa Tim
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Five consumers have the following marginal utilities of apples and pears:
|
Consumer
|
|
Marginal Utility of Pears
|
|---|---|---|
| Jake | 6 | 12 |
| Latasha | 6 | 6 |
| Nick | 6 | 3 |
| Rosa | 3 | 6 |
| Tim | 3 | 12 |
The price of an apple is $1, and the price of a pear is $2.
Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply.
Jake
Latasha
Nick
Rosa
Tim
Transcribed Image Text:Five consumers have the following marginal utilities of apples and pears:
Marginal Utility of Apples
Marginal Utility of Pears
Consumer
Jake
12
Latasha
6.
Nick
6.
3.
Rosa
3.
Tim
3.
12
Transcribed Image Text:The price of an apple is $1, and the price of a pear is $2.
Which, if any, of these consumers are optimizing over their choice of fruit? Check all that apply.
OJake
Latasha
Nick
JRosa
Tim
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