Multiple Choice
Suppose that 2 units of X and 8 units of Y give a consumer the same satisfaction as 4 units of X and 2 units of Y. Then
A) the consumer is willing to give up 3 units of Y to obtain 1 more unit of X.
B) the consumer is willing to give up 1 unit of Y to obtain 3 more units of X.
C) the marginal rate of substitution of X for Y is 3.
D) both a and c
E) both b and c
Correct Answer:
Verified
Correct Answer:
Verified
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