Suppose That 2 Units of X and 8 Units of Y

question 92

Multiple Choice

Suppose that 2 units of X and 8 units of Y give a consumer the same satisfaction as 4 units of X and 2 units of Y.Then

• A)the consumer is willing to give up 3 units of Y to obtain 1 more unit of X.
• B)the consumer is willing to give up 1 unit of Y to obtain 3 more units of X.
• C)the marginal rate of substitution of Y for X is 3.
• D)both a and c
• E)both b and c

---

Definitions:

Bright Mineral Pigments

Natural minerals used to produce vivid colors in paintings and other artworks.

Native Japanese Subjects

Refers to the indigenous people of Japan and their societal roles, cultures, and histories prior to extensive foreign influence.

Supply-of-loanable-funds

The availability of funds for borrowing, influenced by savings and influenced by interest rates in the financial market.

Demand-for-loanable-funds

The desire or willingness of consumers and businesses to borrow money at given interest rates, often depicted in economics as a curve.