Suppose That 2 Units of X and 8 Units of Y

question 69

Multiple Choice

Suppose that 2 units of X and 8 units of Y give a consumer the same satisfaction as 4 units of X and 2 units of Y. Then

• A) the consumer is willing to give up 3 units of Y to obtain 1 more unit of X.
• B) the consumer is willing to give up 1 unit of Y to obtain 3 more units of X.
• C) the marginal rate of substitution of X for Y is 3.
• D) both a and c
• E) both b and c