The MU/P Ratio for Good X Is the Same as for Good

question 130

Multiple Choice

The MU/P ratio for good X is the same as for good Y: 12 utils per dollar.If the price of good X rises to $2 from $1,a consumer who seeks (consumer) equilibrium will buy more of good __________ until the marginal utility of good __________ falls to __________ utils.

• A) Y; Y; 12
• B) X; X; 24
• C) Y; X; 12
• D) Y; Y; there is not enough information to answer this part of the question.
• E) X; X; there is not enough information to answer this part of the question.

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Definitions:

Extraverted

Being outgoing, energetically social, enthusiastic, and inclined towards engaging with the external world and people.

Emotional Stability

A personality trait signifying the extent to which a person’s mood is unaffected by external events, often considered synonymous with low neuroticism.

Personality Change

Involves alteration in an individual's personality traits or overall personality structure, which can occur due to various life experiences or interventions.

Workplace Productivity

A measure of how efficiently and effectively a workforce converts inputs into outputs, often seen as critical for business success.