Multiple Choice
If a consumer purchases a combination of commodities x and y such that MUx/Px = 20 and MUy/Py = 10, to maximize utility, the consumers 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.
Correct Answer:
Verified
Correct Answer:
Verified
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