Multiple Choice
Paul is consuming X and Y so that MUₓ/Pₓ = 18 and MUᵧ/Pᵧ = 14.Using the equimarginal rule,Paul should
A) continue to consume the same amount of X and Y, as he is already maximizing utility.
B) consume less of both X and Y.
C) consume more X and less Y.
D) consume less X and more Y.
Correct Answer:
Verified
Correct Answer:
Verified
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