A Consumer Is in Equilibrium and Is Spending Income in Such

question 166

Multiple Choice

A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and that of Y is 32 units. If the unit price of X is $5, then the price of Y must be

• A)$5 per unit.
• B)$4 per unit.
• C)$8 per unit.
• D)$7 per unit.

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Definitions:

Tension

The type of differential stress where stress is directed outward, pulling the material.

Crustal Levels

The various layers or strata within the Earth's crust, differing in composition, density, and formation history.

Ductile Behavior

Ductile behavior describes the ability of a material to deform under stress without breaking, often associated with rocks and metals that can bend or stretch under geological forces.

Brittle Deformation

The fracturing of rock under stress, without significant plastic deformation.