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Author Question: When an individual is unable to alter or undo a past decision he/she incurs an opportunity cost. ... (Read 32 times)

arivle123

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on: Jun 30, 2018
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


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Juro

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


arivle123

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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