Initially,a Consumer Is at an Optimum $MU _ { X }$

question 361

Multiple Choice

Initially,a consumer is at an optimum.Then the price of X decreases.Consequently,

• A) \(MU _ { X }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) <
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• B) \(MU _ { X }\) /
• \(\mathrm { P } _ { \mathrm { X } }\) >
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• C) \(MU _ { X }\) /
• \[\mathrm { P } _ { \mathrm { X } }\] =
• \(MU _ { Y }\) /
• \(P _ { Y }\) .
• D) \(MU _ { X }\) >
• \(MU _ { Y }\) .

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Definitions:

External Failure Cost

Expenses related to products or services not meeting quality expectations post-delivery, encompassing returns, fixes, and warranty requests.

Quality Cost Report

A document that summarizes the costs associated with preventing, detecting, and correcting defective work, typically classified into prevention, appraisal, and failure costs.

Warranty Period

The specified time period during which a manufacturer or seller is obligated to repair or replace a product if it has defects.

Appraisal Cost

Expenses related to the evaluation and inspection of materials and products to ensure quality standards are met.