Jenn is maximizing total utility. If the price of salmon rises, why does Jenn think about changing how she allocates her food budget?
Immediately when the price changes and before she changes her salmon purchases

Question

Jenn is maximizing total utility. If the price of salmon rises, why does Jenn think about changing how she allocates her food budget? 
 Immediately when the price changes and before she changes her salmon purchases

Accepted Answer

her ratio of marginal utility to price for salmon is less than for other goods.

Answer

the total utility from salmon falls.

Answer

her marginal utility from salmon decreases.

Answer

her ratio of marginal utility to price for salmon is greater than for other goods.

Answer

her marginal utility from salmon increases.

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Jenn is maximizing total utility. If the price of salmon rises, why does Jenn th...

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