Multiple Choice
If the price of X is $3 and the price of Y is $5, then, in a consumer optimum,
A) the quantity purchased of Y must be 60 percent of the quantity of X purchased.
B) the quantity purchased of Y must be 67 percent of the quantity of X purchased.
C) the marginal utility of Y must be 67 percent more than the marginal utility of X.
D) the marginal utility of X must equal 3 and the marginal utility of Y must equal 5.
Correct Answer:

Verified
Correct Answer:
Verified
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