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    Principles of Microeconomics Study Set 11
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    Exam 6: Consumer Choices
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    -Refer to the Budget Line Shown in the Diagram Above
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-Refer to the Budget Line Shown in the Diagram Above

Question 42

Question 42

Multiple Choice

  -Refer to the budget line shown in the diagram above. At point U, __________. A)  P1/P2 = MU1/MU2 B)  pizza is an inferior product C)  P2/P1 = MU2/MU1 D)  roses are an inferior product
-Refer to the budget line shown in the diagram above. At point U, __________.


A) P1/P2 = MU1/MU2
B) pizza is an inferior product
C) P2/P1 = MU2/MU1
D) roses are an inferior product

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