If MU_x/P_x < MU_y/P_y, Then

question 5

Multiple Choice

If MU_x/P_x < MU_y/P_y, then

• A) spending a dollar less on Y and a dollar more on X increases utility.
• B) spending a dollar less on X and a dollar more on Y increases utility.
• C) X is more expensive than Y.
• D) Y is more expensive than X.

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Definitions:

Trustworthy Evidence

Information or data considered reliable and credible in a legal context.

Search Warrant

A legal document authorizing a police officer or other official to enter and search premises.

Reasonable Person

A hypothetical individual in law whose behavior serves as a standard of care to determine if actions of others are legally acceptable.

Miranda Rights

A legal directive ensuring that individuals under arrest are informed of their rights, including the right to remain silent and the right to an attorney.