If a Consumer Buys More of Good X and Less

question 84

Multiple Choice

If a consumer buys more of good X and less of good Y, the _______ of good X will _______ , and the ________ of good Y will _______ .

• A) marginal utility; fall; marginal utility; rise
• B) marginal utility; rise; marginal utility; fall
• C) total utility; fall; marginal utility; rise
• D) marginal utility; rise; total utility; rise

---

Definitions:

Unfavourable Variances

Unfavourable Variances are cost or revenue variances that indicate a business is performing worse than its budgeted or planned figures.

Cost of Goods Sold

The total cost of manufacturing and delivering a product to a consumer, including raw materials, labor, and other direct costs associated with production.

Credit Entry

An accounting entry that increases a credit account or decreases a debit account, representing the source of funds or value entry in a financial transaction.

Direct Material Price

The cost of raw materials that are directly used in the manufacturing of a product.