Assume That a Consumer Purchases a Combination of Products

question 219

Multiple Choice

Assume that a consumer purchases a combination of products. Product A is an old and reliable product. Product B is a new and appealing product. The MUₐ /Pₐ = 15 and MUᵦ /Pᵦ = 10. To maximize utility without spending more money, the consumer should

• A)purchase less of B and more of A.
• B)purchase more of A and less of B.
• C)purchase more of both A and B.
• D)make no change in A and B.

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Definitions:

School Year

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The degree to which an individual is welcomed or approved of by their peer group.