An Individual Consumes Only Two Goods, X and Y

question 140

Multiple Choice

An individual consumes only two goods, X and Y. Which of the following expressions represents the utility maximizing market basket?

• A) MRSxy is at a maximum.
• B) Px/Py = money income.
• C) MRSxy = money income.
• D) MRSxy = Px/Py.
• E) all of the above

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Definitions:

Direct Supervisors

Immediate superiors who manage employees on a day-to-day basis, overseeing their work and providing feedback, guidance, and support.

Mum Effect

The tendency to avoid communicating unfavorable news to others due to fear of the negative consequences associated with the disclosure.

Encode

The process of converting ideas and thoughts into a communicable form, such as speech, writing, gestures, or another mode of expression.

Withholding Information

The act of intentionally not sharing or providing relevant information in a workplace or personal context.