Multiple Choice
Given that MUX/PX < MUY/PY,consumers who spend all their income on these two goods
A) can never maximize utility.
B) have maximized total utility.
C) can increase utility by buying more of X and less of Y.
D) can increase utility by buying more of Y and less of X.
E) a and b
Correct Answer:
Verified
Correct Answer:
Verified
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