If the MU/P Ratio for Good X Is Less Than

question 14

Multiple Choice

If the MU/P ratio for good X is less than the MU/P ratio for good Y, this means that

• A)an individual is receiving more utility per dollar from good Y than good X.
• B)the price of good X is lower than the price of good Y.
• C)the price of good Y is lower than the price of good X.
• D)the MU of good X is lower than the MU of good Y.
• E)none of the above

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