Multiple Choice
Suppose that a consumer purchases a combination of X and Y such that MUX/PX = 15 utils per dollar and MUY /PY = 10 utils per dollar.To maximize utility,the consumer should buy
A) less of X and more of Y.
B) more of X and less of Y.
C) more of both X and Y.
D) less of both X and Y.
E) neither X nor Y.
Correct Answer:
Verified
Correct Answer:
Verified
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