Given That MUX/PX < MUY/PY,consumers Who Spend All Their Income

question 96

Multiple Choice

Given that MUX/PX < MUY/PY,consumers who spend all their income on these two goods

• A) can never maximize utility.
• B) have maximized total utility.
• C) can increase utility by buying more of X and less of Y.
• D) can increase utility by buying more of Y and less of X.
• E) a and b

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