Multiple Choice
Suppose that MRSx, y = 10.
A) The consumer is willing to substitute 10 units of x for 1 unit of y to leave utility unchanged.
B) The consumer is willing to substitute 10 units of y for 1 unit of x to leave utility unchanged.
C) Regardless of prices, the consumer will consume only y .
D) Regardless of prices, the consumer will consume only x .
Correct Answer:

Verified
Correct Answer:
Verified
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