When an individual is unable to alter or undo a past decision ...

[arivle123]

When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost.
  Indicate whether the statement is true or false

Question 2

If MUx / Px = MUY / PY, then _____.
 a. the consumer should purchase the same quantity of X and Y
  b. the consumer should purchase less of X
  c. the consumer is maximizing utility
  d. the consumer should purchase more of Y
  e. the consumer is minimizing utility

[Juro]

Answer to Question 1

F

Answer to Question 2

c

[arivle123]

Thanks for the timely response, appreciate it

[olderstudent]

Wow, this really help