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

question 261

Multiple Choice

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

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

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Definitions:

Temporary Assistance for Needy Families

A government aid program in the U.S. aimed at aiding low-income families to reach financial independence through monetary support and assistance services.

TANF

Temporary Assistance for Needy Families, a government program that provides financial aid to eligible low-income families.

Welfare Payments

Financial assistance payments made by the government to individuals or families, particularly those who are unemployed, disabled, or on low income.

Earned-Income Tax Credit

A returnable tax credit aimed at individuals and families with low to moderate income who work, especially those who have children.