Suppose that muxpx for good x exceeds muypy for good y. to, Ask an Expert

Economics

Suppose that MUx/Px for good X exceeds MUy/Py for good Y. To maximise utility the consumer who is exhausting his/her ony income should buy:

a) less of x only if its price rises
b) more of Y only if its price rises
c) more of Y and less of X
d) more of X and less of Y

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M973303

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