Solved

Suppose the Price of Good xx Is $5 and the Price of Good

Question 26

Multiple Choice

Suppose the price of good xx is $5 and the price of good yy is $7. Also, suppose MMUx=yM M U _ { x } = y and MUy=xM U _ { y } = x . Which of the following baskets could be an interior optimum?


A) x = 5, y = 7
B) x = 4, y = 6
C) x = 7, y = 5
D) x = 6, y = 4

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions