Chuck and Barry have identical total utility schedules, but Chuck has more income to spend than Barry. If they each choose the utility-maximizing quantity of normal goods, which of the following situations will occur?

Question

Answer

Chuck's total utility will be less than Barry's.

Answer

Their marginal utilities will be equal.

Answer

Chuck's marginal utility will be less than Barry's.

Answer

Their total utilities will be equal.

Answer

Chuck's marginal utility will be greater than Barry's.

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Chuck and Barry have identical total utility schedules, but Chuck has more incom...

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