Paul Is Consuming X and Y So That MUₓ/Pₓ =

question 41

Multiple Choice

Paul is consuming X and Y so that MUₓ/Pₓ = 18 and MUᵧ/Pᵧ = 14.Using the equimarginal rule,Paul should

• A) continue to consume the same amount of X and Y, as he is already maximizing utility.
• B) consume less of both X and Y.
• C) consume more X and less Y.
• D) consume less X and more Y.

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Definitions:

Dendrites

A neuron’s branches that receive information from other neurons and transmit it toward the cell body.

Axon

A neuron’s extending fiber that conducts impulses away from the cell body and transmits them to other neurons.

Linguistic Skills

The abilities involved in the use and understanding of language, including reading, writing, speaking, and listening.

Analytic Skills

The ability to analyze information or problems, break them down into parts, and make logical conclusions or decisions.