Multiple Choice
Suppose a consumer knows that at her current bundle, MUx/Px > MUy/Py. Is this individual choosing a bundle that maximizes utility?
A) Yes, because this individual values good X more than good Y.
B) Yes, because this individual values good Y more than good X.
C) No. This individual should shift consumption from good X to good Y.
D) No. This individual should shift consumption from good Y to good X.
Correct Answer:

Verified
Correct Answer:
Verified
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