Suppose That the MU/P Ratio for Good X Is the Same

question 147

Multiple Choice

Suppose that the MU/P ratio for good X is the same as for good Y: 12 utils per dollar. If the price of good X then rises to $2 from $1, a consumer who seeks to maintain consumer equilibrium will buy more of good __________ until the marginal utility of that good falls to __________ utils.

• A)Y; 12
• B)Y; 24
• C)X; 12
• D)Y; there is not enough information to answer this part of the question
• E)X; there is not enough information to answer this part of the question

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Definitions:

Operating Room

A specialized facility within a hospital where surgical operations are carried out in a sterile environment.

Construction Site

A location where construction work, such as building, repairing, or renovating structures, is being carried out.

Foam Dressing

A type of wound dressing made from semi-permeable polyurethane, which is absorbent and provides a moist healing environment.

Exudative

Pertaining to the oozing or discharge of fluid from a wound or body cavity.