Stella's Marginal Utility of the Last Unit of X Consumed

question 93

Multiple Choice

Stella's marginal utility of the last unit of X consumed is 18 and her marginal utility of the last unit of Y consumed is 12.What prices for X and Y,respectively,are consistent with Stella being in consumer equilibrium?

• A) $4 and $6
• B) $12 and $18.
• C) $15 and $15.
• D) $12 and $8.

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Definitions:

Diagram

A visual representation designed to illustrate the relationships between different elements of a system or process.

Premises

Statements or propositions from which a conclusion is drawn in an argument; the grounding or basis of the argument.

Explananda

Phenomena or facts that are explained within the context of scientific or philosophical inquiry.

Hypothesis

The proposition (or propositions) in an explanation that purport to show why another proposition (the explanandum) is true.