If a Consumer Purchases a Combination of Commodities X and Y

question 97

Multiple Choice

If a consumer purchases a combination of commodities x and y such that MU_x/P_x = 20 and MU_y/P_y = 5, to maximize utility, the consumers should buy.

• A) more of x and less of y.
• B) less of x and less of y.
• C) more of both x and y.
• D) less of both x and y.

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Definitions:

Chemical Elements

Substances that cannot be broken down into simpler substances by chemical means, consisting of atoms with the same number of protons.

Oxidation

The loss of one or more electrons (or hydrogen atoms) by an atom, ion, or molecule.

Sodium

A chemical element with symbol Na and atomic number 11, known for its essential role in nerve function and fluid balance in biological organisms.

Chloride

A negatively charged ion (Cl-) that is crucial for fluid balance in the body and plays a role in the production of stomach acid.