A Utility Maximizing Person Has a Utility Function Such That

Multiple Choice

A utility maximizing person has a utility function such that their marginal rate of substitution equals the amount of good Y they consume divided by the amount of good X that they consume (i.e.MRS = Y/X) .If the prices of goods X and Y are the same,then the person will

A) consume more X than Y.
B) consume more Y than X.
C) consume equal amounts of X and Y.
D) we must know the person's income before coming to a conclusion.