Multiple Choice
Assume that a consumer purchases a combination of product A and product B such that the MUₐ /Pₐ = 3 and MUᵦ /Pᵦ = 5. To maximize utility without spending more money, the consumer should
A) purchase more of product A and less of product B.
B) purchase less of product A and more of product B.
C) purchase more of both product A and product B.
D) make no change in purchases of products A and B.
Correct Answer:

Verified
Correct Answer:
Verified
Q305: An indifference curve<br>A)may be either upsloping or
Q306: The table shows an indifference schedule for
Q307: As a consumer moves down a given
Q308: Which of the following is not an
Q309: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q311: Which of the following has been a
Q312: The utility of a good or service<br>A)is
Q313: A consumer allocates all income between two
Q314: A consumer with a fixed income will
Q315: If the price of a good increases,