Answer:
Option (a) is correct.
Explanation:
Given the marginal utility per dollar for the two products as follows:
All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.
It is going on until the point at which marginal utility per dollar of both the products becomes equal.
I m pretty sure the product supply would grow then the price would drop
The evaluating alternatives part of the decision-making process!
When a company has a preponderance of our most popular items, it implies that the firm has more of that type of product/item than of any other.
<h3>What is preponderance?</h3>
The word preponderance is said to be superiority in terms of weight, power, vitality, or strength.
It is said to be also when there is an excess of a product or an item in terms of number or quantity.
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