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Suppose That a Consumer Purchases a Combination of X and Y

Question 47

Multiple Choice

Suppose that a consumer purchases a combination of X and Y such that MUX/PX = 15 utils per dollar and MUY /PY = 10 utils per dollar. To maximize utility, the consumer should buy


A) less of X and more of Y.
B) more of X and less of Y.
C) more of both X and Y.
D) less of both X and Y.
E) neither X nor Y.

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