MrRational Has $27 That He Plans to Spend Purchasing 5

question 51

Multiple Choice

Mr.Rational has $27 that he plans to spend purchasing 5 units of good X (priced at $3 per unit) and 6 units of good Y (priced at $2 per unit) .The marginal utility of the fifth unit of X is 30,and the marginal utility of the sixth unit of Y is 30.If Mr.Rational is a utility maximizer,he should:

• A)not buy anything.
• B)buy more of X and less of Y.
• C)buy less of X and more of Y.
• D)buy X and Y in the quantities indicated.
• E)but less of X and even lesser than that of Y.

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Definitions:

Vision Quest

A rite of passage in some Native American cultures involving a period of solitary introspection, fasting, and connection with nature, aimed at spiritual growth and guidance.

Supernatural Experience

An event or perception that is beyond the scientific understanding of the natural world, often involving entities or forces considered beyond the realm of the ordinary.

Fasting

A voluntary abstention from eating and sometimes drinking for a defined period of time for religious, health, or other reasons.

Isolation

A state of being separated from other people, which can result in loneliness or solitude.