A consumer has to choose the optimal number of slices of pizza and bottles of water to purchase. Which of the following is not a necessary condition for his or her chosen consumption bundle to be optimal? • His or her budget constraint has to hold. O Marginal utility (MU) on the two goods has to be the same. O Marginal utility per dollar spent on the two goods has to be equal. O The total he or she spends on slices of pizza plus the total he or she spends on bottles of water must be lower than or equal to the total amount he or she has allocated to spend on these two goods.
A consumer has to choose the optimal number of slices of pizza and bottles of water to purchase. Which of the following is not a necessary condition for his or her chosen consumption bundle to be optimal? • His or her budget constraint has to hold. O Marginal utility (MU) on the two goods has to be the same. O Marginal utility per dollar spent on the two goods has to be equal. O The total he or she spends on slices of pizza plus the total he or she spends on bottles of water must be lower than or equal to the total amount he or she has allocated to spend on these two goods.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 6QFR
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