If the Price of X Is $3 and the Price

question 74

Multiple Choice

If the price of X is $3 and the price of Y is $5, then, in a consumer optimum,

• A) the quantity purchased of Y must be 60 percent of the quantity of X purchased.
• B) the quantity purchased of Y must be 67 percent of the quantity of X purchased.
• C) the marginal utility of Y must be 67 percent more than the marginal utility of X.
• D) the marginal utility of X must equal 3 and the marginal utility of Y must equal 5.

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Definitions:

White Migrants

Refers to individuals of European descent moving to or within countries, often associated with historical contexts of colonization or immigration for economic opportunities.

Oregon Trail

A historic east-west, large-wheeled wagon route and emigrant trail in the United States that connected the Missouri River to valleys in Oregon.

Metropolitan Centers

Major urban areas that serve as the economic, cultural, and political hubs of a region.

West Coast Gateway

Refers generally to ports on the West Coast of the United States that serve as major entry and exit points for international trade and travel.