A Consumer Has the Indifference Map Shown Below

question 91

Multiple Choice

A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.For the utility-maximizing bundle,the marginal rate of substitution is ____________________ the slope of the budget line (in absolute value) ,and the ratio MU/P for good X is ____________ the ratio MU/P for good Y.

• A)greater than; greater than
• B)greater than; less than
• C)less than; greater than
• D)less than; less than
• E)equal to; equal to

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