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A Consumer Maximizes His Utility by Purchasing 2 Units of Good

Question 99

Multiple Choice

A consumer maximizes his utility by purchasing 2 units of good X at $5 per unit and 3 units of good Y at $7 per unit.What is the ratio of the marginal utility from X to the marginal utility from Y?


A) 5/7
B) 7/5
C) 2/3
D) 3/2
E) 10/21

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