Richard Is Consuming X and Y So That He Is

question 93

Multiple Choice

Richard is consuming X and Y so that he is spending his entire income and MU_x/P_x = 6 and MU_y/P_y = 10. To maximize utility, he should

• A) continue to consume the same amount of X and Y since he is already maximizing utility.
• B) consume less of both X and Y.
• C) consume more X and less Y.
• D) consume less X and more Y.

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Definitions:

Family and Medical Leave Act

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U.S. federal law designed to protect workers 40 years of age and older from employment discrimination based on age.

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