Assume That a Consumer Purchases a Combination of Products X

question 135

Multiple Choice

Assume that a consumer purchases a combination of products X and Y and the MU_x / P_x = 75 utils per dollar and MU_y / P_y = 50 utils per dollar.To maximize utility without spending more dollars,the consumer should buy:

• A)more of both X and Y.
• B)less of Y only if the price of Y increases.
• C)more of Y and less of X.
• D)more of X and less of Y.
• E)less of both X and Y.

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Definitions:

Agents

Individuals or entities authorized to act on behalf of others, making decisions or executing transactions in various contexts such as real estate, law, or finance.

Operating Agreement

A document that outlines the governance and operational guidelines of a limited liability company (LLC).

Voting Rights

The entitlement of individuals to participate in the election of government officials and in the process of decision-making.

Member-Managers

Individuals in a limited liability company (LLC) who are both owners (members) and actively involved in managing the day-to-day operations.