Multiple Choice
If a consumer purchases a combination of commodities x and y such that MUx/Px = 50 and MUy/Py = 40, to maximize utility, the consumers should buy.
A) more of x and less of y.
B) more of both x and y.
C) less of x and more of y.
D) less of both x and y.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: An inferior good is likely to be
Q21: Use the following to answer question(s): <img
Q74: In terms of indifference curves, an increase
Q88: Use the following for questions 23-27.<br>Exhibit: Total
Q97: A consumer is in equilibrium along the
Q112: The amount by which an additional unit
Q144: The law of diminishing marginal utility exists
Q198: Use the following to answer question(s): <img
Q217: The term utility is used by economists
Q221: Jill Smith, a careful maximizer of utility,