What is the marginal utility of x? if a consumer moves, Ask an Expert

Economics

A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y? b) If the MRS between X and Y is 3 and the marginal utility of Y is 3, what is the marginal utility of X? c) If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9439209

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