Let MUA and MUB Stand for the Marginal Utility of Goods

question 111

Multiple Choice

Let MUA and MUB stand for the marginal utility of goods A and B, respectively. Let PA and PB stand for the price of goods A and B, respectively. Assume that for a given consumer MUA and MUB are equal to each other, and PA is greater than PB. In this case, the consumer is better off if he consumes

• A)more of good A and less of good B.
• B)less of good A and more of good B.
• C)equal amount of goods A and B.
• D)good B only.
• E)neither good A nor good B.

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Definitions:

Cranial

Pertaining to the skull or cranium, related to the head.

Thoracic

The term thoracic refers to anything related to the thorax or chest region, encompassing components like the thoracic vertebrae, ribs, and the organs they protect.

Inferior to the Rib Cage

Located below the rib cage, referring to anatomical structures or areas.

Medial to Sternum

Located towards the midline or center of the body relative to the sternum or breastbone.