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    Exam 7: Consumer Choice: Utility Theory and Insights From Neuroscience
  5. Question
    Suppose That MUₓ/Pₓ < MUᵧ/Pᵧ.This Implies That
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Suppose That MUₓ/Pₓ < MUᵧ/Pᵧ.This Implies That

Question 18

Question 18

Multiple Choice

Suppose that MUₓ/Pₓ < MUᵧ/Pᵧ.This implies that


A) spending a dollar less on Y and spending a dollar more on X increases utility.
B) spending a dollar less on X, and spending a dollar more on Y increases utility.
C) X is more expensive than Y.
D) Y is more expensive than X.

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