At the Consumer's Optimal Consumption Bundle, the MRS_XY Is 4

question 96

Multiple Choice

At the consumer's optimal consumption bundle, the MRS_XY is 4, and the marginal utility of good X is 8. What is the marginal utility of good Y?

• A) 1/2
• B) 2
• C) 24
• D) 16

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Definitions:

Pre-work

Tasks or preparations completed before the start of a primary activity or project to ensure its smooth execution and success.

Enlarge

The act or process of increasing in size, volume, scope, or capacity.

Job Enrichment

The process of making a job more rewarding, engaging, and satisfying by adding more meaningful tasks and giving employees more control over their work.

Pay Demand

A request or requirement by employees for increased wages or salaries from their employer.