At the Consumer's Optimal Consumption Bundle, the MRS_XY Is 4

question 96

Multiple Choice

At the consumer's optimal consumption bundle, the MRS_XY is 4, and the marginal utility of good X is 8. What is the marginal utility of good Y?

• A) 1/2
• B) 2
• C) 24
• D) 16

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Definitions:

Density

A measure of mass per unit of volume, indicating how compact a substance is.

Weight

A measure of how much downward force the mass of an object exerts under the pull of gravity.

Least Dense

Referring to materials with the lowest mass per unit volume, often implying greater buoyancy relative to other substances.

Low Topography

An area of the Earth's surface with minimal elevation variance, often characterized by flatlands or gentle slopes.