If a Consumer Purchases a Combination of Commodities X and Y

question 240

Multiple Choice

If a consumer purchases a combination of commodities x and y such that MUₓ/Pₓ = 20 and MUᵧ/Pᵧ = 5, to maximize utility, the consumers should buy.

• A) more of x and less of y.
• B) less of x and less of y.
• C) more of both x and y.
• D) less of both x and y.

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Definitions:

Number Words

Words that denote numbers, allowing for the expression and communication of quantities.

Specific Quantities

Quantities that are clearly defined or precise, not vague or general.

Mathematics

is the abstract science of numbers, quantity, and space, either studied in its own right (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Syllables

Units of organization for a sequence of speech sounds, typically comprising a vowel sound with or without surrounding consonants.