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Author Question: Sanjay is consuming X and Y so that he is spending his entire income and MU x/ P x= 8 and MU y/ P y= ... (Read 31 times)

Wadzanai

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  • Posts: 528
on: Apr 19, 2019

Question 1

Daisy is consuming X and Y so that she is spending her entire income and 
MU
x/
P
x = 12 and 
MU
y/
P
y = 10. To maximize utility, she should


◦ continue to consume the same amount of X and 
Y since she is already maximizing utility.
◦ consume less of both X and 
Y.
◦ consume more X and less 
Y.
◦ consume less X and more 
Y.

Question 2

Sanjay is consuming X and Y so that he is spending his entire income and 
MU
x/
P
x = 8 and 
MU
y/
P
y = 14. 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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Wadzanai on Apr 19, 2019

yeungji

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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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Wadzanai

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Reply #2 on: Apr 19, 2019
TY


yeungji

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Reply #3 on: Apr 19, 2019
You're welcome


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