If MU_x/P_x > MU_y/P_y, the Consumer Can Increase Utility by Buying

question 82

True/False

If MU_x/P_x > MU_y/P_y, the consumer can increase utility by buying less of good y, which means the MU_y will rise.

---

Definitions:

Honest

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Ethical

Pertains to the principles of right and wrong that guide an individual’s behavior or the conducting of an activity.

Effective Visual Communication

The practice of using visual elements strategically to convey information, ideas, or concepts in a way that engages and informs the target audience.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior.