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Author Question: If MU x/ P x (Read 26 times)

arivle123

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on: Apr 19, 2019

Question 1

Jon is consuming X and Y so that he is spending his entire income and 
MU
x/
P
x = 4 and 
MU
y/
P
y = 4. To maximize utility, he should consume


◦ the same amount of X and Y since he is already maximizing utility.
◦ less of both X and 
Y.
◦ more X and less 
Y.
◦ less X and more 
Y.

Question 2

If 
MU
x/
P
x < 
MU
y/
P
y, then


◦ spending a dollar less on Y and a dollar more on X increases utility.
◦ spending a dollar less on 
X and a dollar more on Y increases utility.
◦ X is more expensive than 
Y.
◦ Y is more expensive than 
X.


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Marked as best answer by arivle123 on Apr 19, 2019

fromAlphatoOmega22

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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arivle123

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Reply #2 on: Apr 19, 2019
Thank you!



fromAlphatoOmega22

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Reply #3 on: Apr 19, 2019
Always glad to help...



 

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