The likely results if corporations control the marketplace of ideas.

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Chapter 16, Problem 6QAP

(a)

To determine

The likely results if corporations control the marketplace of ideas.

(b)

To determine

Explain the things if anything should be done about this control.

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Riaz has a limited income and consumes only Apple and Bread. His current consumption choice is 3 apples and 5 bread. The price of apple is $3 each, and the price of bread is $2.5 each. The last apple added 5 units to Sadid's utility, while the last bread added 7 units. Is Riaz making the utility-maximizing choice? Why or why not? Do you suggest any adjustment in Riaz's consumption bundle? Why or why not? Give reasons in support of your answer.State the condition for a consumer's utility maximizing choice and illustrate graphically.