Multiple Choice
Assume that a consumer purchases a combination of product A and product B such that the MU ₐ /P ₐ = 8 and MU ᵦ /P ᵦ = 6. To maximize utility without spending more money, the consumer should
A) purchase less of product A and more of product B.
B) purchase more of product A and less 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
Q278: With a fixed money income, an increase
Q279: If the total utility from consuming six
Q280: Answer the question on the basis of
Q281: What is the difference between total utility
Q282: The marginal rate of substitution of beef
Q284: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to data.
Q285: An indifference curve shows all<br>A)possible equilibrium positions
Q286: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q287: Which of the following is correct?<br>A)Budget lines
Q288: The ratio of the prices of two