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.
Correct Answer:

Verified
Correct Answer:
Verified
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