The Below Table Shows the Average Utility (In Utils) Obtained

question 46

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-Assume MU_X = 30 utils, MU_Y = 15 utils, P_X = $2, and P_Y = $0.50. This consumer:

• A)should buy less of X and less of Y.
• B)is in equilibrium.
• C)should buy more of X and less of Y.
• D)should buy less of X and more of Y.
• E)should buy more of X and more of Y.

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