Consider two goods, plane tickets and milk. Suppose Poornima is to choose the optimal quantities of both goods. Use the following dropdown selections to identify the utility-maximizing rule Poornima should follow to choose the optimal quantities. (Note: In the answer options that follow, MU stands for "marginal utility.") Since milk costs less than plane tickets, it must follow that when Poornima chooses optimal quantities of milk and plane tickets, the marginal utility received from the last plane ticket is than the marginal utility from the last gallon of milk.

In economics, the difference between normative and positive is that:

Safari File Edit View History Bookmarks Window Help Sat Oct 30 2:29 PM ng.cengage.com + 88 Concordia-Chicago | Concordia Univer... Home - cuchicago.edu Bb Course Content – Foundations of Econ... X MindTap - Cengage Learning b My Questions | bartleby Maria v « CENGAGE MINDTAP Q Search this course A My Home Refresh Your Math & Graphing Skills Courses The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D. Catalog and Study Tools A-Z Rental Options College Success Tips Career Success Tips 90 RECOMMENDED FOR YOU 81 72 63 54 D Communicating with Your bongo Instructor 45 36 ? Help 27 Give Feedback 18 A 100 200 300 400 500 600 700 800 QUANTITY (Dishwashers per year) ОСТ 30 étv 280 W TOTAL REVENUE (Thousands of dollars per year) 圖

"What is the basic economic problem of scarcity?"