Suppose that Reza buys two products and that the marginal utility of an additional carton of soy milk is 20 and its price is $1.25, whereas the marginal utility for an additional orange costing 50 cents is 7. Refer to the this information to answer this question. What can be deduced? Select one: O a. Reza should buy more soya milk. O b. Reza should reduce his consumption of soya milk. O c. Reza should divide his budget equally between soya milk and oranges. Od. Nothing can be deduced. e. Reza should buy more oranges.

Suppose that Reza buys two products and that the marginal utility of an additional carton of soy milk is 20 and its price is $1.25, whereas the marginal utility for an additional orange costing 50 cents is 7. Refer to the this information to answer this question. What can be deduced? Select one: O a. Reza should buy more soya milk. O b. Reza should reduce his consumption of soya milk. O c. Reza should divide his budget equally between soya milk and oranges. Od. Nothing can be deduced. e. Reza should buy more oranges.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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