Suppose That MU X/ Pₓ Exceeds MU Y/ Pᵧ

question 75

Multiple Choice

Suppose that MU x/ Pₓ exceeds MU y/ Pᵧ . To maximize utility, the consumer who is spending all her money income should buy

• A)less of X only if its price rises.
• B)more of Y only if its price rises.
• C)more of Y and/or less of X.
• D)more of X and/or less of Y.

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Definitions:

PAN

Personal Area Network, a network for the interconnection of personal computing devices within the range of an individual, typically within a range of 10 meters.

LAN

Stands for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, or office building, facilitating communication and resource sharing.

WAN

An acronym for Wide Area Network, it's a telecommunications network that extends over a large geographic area for the purpose of computer networking.

MAN

Metropolitan Area Network, a network that spans a city or campus, providing connectivity to a large number of computers in a large geographical area.