Assume a Consumer Purchases a Combination of Goods X and Y

question 222

Multiple Choice

Assume a consumer purchases a combination of goods X and Y such that MU_x / −P_x = 20 units of utility per dollar and MU_y / P_y = 10 units of utility per dollar. To maximize utility, the consumers should buy:

• A) neither X nor Y.
• B) less of both X and Y.
• C) more of both X and Y.
• D) more of X and less of Y.
• E) less of X and more of Y.

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