Multiple Choice
The price of good X is $1.50 and that of good Y, $1.A particular consumer who evaluates the marginal utility of Y to be 30 units, and is in equilibrium with respect to purchases of X and Y, must consider the marginal utility of X to be:
A) 15 units.
B) 20 units.
C) 30 units.
D) 45 units.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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