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Given Two Goods, X and Y, and Their Prices, P_X

Question 113

Multiple Choice

Given two goods, X and Y, and their prices, P_X and P_Y a consumer will maximize total utility by allocating expenditures such that

A) MU_X/P_Y = MU_Y/P_X.
B) P_Y/MU_X = P_X/MU_Y.
C) MU_X/P_X = MU_Y /P_Y.
D) MU_X = P_X = MU_Y = P_Y = MU_$.
E) MU_X = MU_Y = P_X = P_Y = MU_$.

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