If Max's Marginal Rate of Substitution for Goods a and B

question 66

Multiple Choice

If Max's marginal rate of substitution for goods A and B is 3, then

• A) the price of good A exceeds the price of good B.
• B) the marginal utility of good A is 3 and the marginal utility of good B is 3.
• C) the ratio of the total utilities of good A and good B is 3.
• D) Max is willing to give up 3 units of good A for 1 unit of good B.

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A body position where the individual is lying face down, opposite of supine.

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A position of laying on the back with the face upward, used in various medical and therapeutic settings.

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Drugs used to combat bacterial infections by either killing bacteria directly or inhibiting their growth.