Let's assume that Justin Trudeau, who lives in Ottawa, is purchasing corn (C) and dandelion (D) in utility-maximizing amounts. If the price of corn (C) is $4 and the price of dandelion (D) is $2, then: Multiple Choice   the marginal utility of dandelion is the same as that of corn.   Justin Trudeau will buy only corn.   the marginal utility of corn is twice that of dandelion.   the marginal utility of corn is four times that of dandelion.   the marginal utility of dandelion is twice that of corn.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Q19

Let's assume that Justin Trudeau, who lives in Ottawa, is purchasing corn (C) and dandelion (D) in utility-maximizing amounts. If the price of corn (C) is $4 and the price of dandelion (D) is $2, then:

Multiple Choice
  •  
    the marginal utility of dandelion is the same as that of corn.
  •  
    Justin Trudeau will buy only corn.
  •  
    the marginal utility of corn is twice that of dandelion.
  •  
    the marginal utility of corn is four times that of dandelion.
  •  
    the marginal utility of dandelion is twice that of corn.
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