menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 29
  4. Exam
    Exam 6: Consumer Behaviour
  5. Question
    The Condition Required for a Consumer to Be Maximizing Utility
Solved

The Condition Required for a Consumer to Be Maximizing Utility

Question 77

Question 77

Multiple Choice

The condition required for a consumer to be maximizing utility, for any pair of products, X and Y, is


A) MUX/PY = MUY/PX.
B) MUX = MUY.
C) PX = PY.
D) PX(MUX) = PY(MUY) .
E) MUX/PX = MUY/PY.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: The table below shows the quantities of

Q72: In economics, the term "utility" is defined

Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 6- 1

Q74: The "law" of diminishing marginal utility implies

Q75: If the price of a normal good

Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 6- 6

Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 6- 6

Q80: The substitution effect is<br>A) the change in

Q81: The figures below show Chris's consumption of

Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5438/.jpg" alt=" FIGURE 6- 1

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines