Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Assume that a consumer purchases a combination of products X and Y and MUx / Px = 75 utils per dollar and MUy / Py = 50 utils per dollar. To maximize utility without spending more dollars, the consumer should buy:
A) more of both X and Y.
B) less of Y only if the price of Y increases.
C) more of Y and less of X.
D) more of X and less of Y.
E) less of both X and Y.
Correct Answer:

Verified
Correct Answer:
Verified
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