Suppose the Price of Good $x$ Is $\$ 5$ And the Price of Good

question 67

Multiple Choice

Suppose the price of good $x$ is $\$ 5$ and the price of good $y$ is $\$ 7$ . Also, suppose $M U _ { x } = y$ and $M U _ { y } = x$ . Which of the following baskets could be an interior optimum?

• A) \(x = 5 , y = 7\)
• B) \(x = 4 , y = 6\)
• C) \(x = 7 , y = 5\)
• D) \(x = 6 , y = 4\)

---

Definitions:

SSR

Sum of Squares due to Regression, a measure used in statistical analysis to determine the variability explained by the regression model.

SSE

Sum of Squared Errors, a measure used in statistics to indicate the deviation of the observed values from the values that are expected or predicted by a model.

Computed F Statistic

A calculated statistic used in the context of ANOVA tests, assessing the significance of group differences across multiple groups.