Use the following to answer question:
-(Table: Denise's Consumption of Coffee and Gasoline)Use Table: Denise's Consumption of Coffee and Gasoline.When Denise maximizes her utility,her marginal utility per dollar spent on gallons of gasoline equals _____ utils per dollar.
A)0.6
B)0.8
C)0.5
D)1.6

Question

Use the following to answer question: 
-(Table: Denise's Consumption of Coffee and Gasoline)Use Table: Denise's Consumption of Coffee and Gasoline.When Denise maximizes her utility,her marginal utility per dollar spent on gallons of gasoline equals _____ utils per dollar.
A)0.6 
B)0.8 
C)0.5 
D)1.6

Quizplus · Accepted Answer

To maximize utility, consumers allocate their spending so that the marginal utility per dollar spent is equal across all goods. Without the specific table data, we can't calculate the exact figures, but the correct principle is that the marginal utility per dollar spent on gasoline would equal the marginal utility per dollar spent on coffee when utility is maximized. Choice B is selected based on the assumption it matches the data you're referring to.

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