Multiple Choice
If the MU/P ratio for good X is less than the MU/P ratio for good Y, this means that
A) an individual is receiving more utility per dollar from good Y than good X.
B) the price of good X is lower than the price of good Y.
C) the price of good Y is lower than the price of good X.
D) the MU of good X is lower than the MU of good Y.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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Q17: Exhibit 20-2<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-2
Q18: Exhibit 20-7<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-7
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