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:

Moderate Length

Refers to something not too long nor too short, typically considered to be of a reasonable or acceptable size or duration.

Complete Answers

Responses or solutions that comprehensively address questions or problems, leaving no aspect unexplored.

Random Assignment

In an experiment, the assignment of participants to experimental conditions on the basis of chance.

Extraneous Variables

Variables that are not the focus of a study but can influence its outcome, potentially confounding the results if not controlled.