Multiple Choice
If the marginal rate of substitution of X for Y is 2, the price of X is $3, and the price of Y is $1, a utility-maximizing consumer should
A) be indifferent between 1X and 2Y.
B) prefer 3Y to 1X.
C) choose less X and more Y.
D) choose more X and less Y.
Correct Answer:
Verified
Correct Answer:
Verified
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