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Author Question: Jon is consuming X and Y so that he is spending his entire income and MU x/ P x= 8 and MU y/ P y= 4. ... (Read 42 times)

Chloeellawright

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  • Posts: 588
on: Apr 19, 2019

Question 1

Richard is consuming X and Y so that he is spending his entire income and 
MU
x/
P
x = 6 and 
MU
y/
P
y = 10. To maximize utility, he should


◦ continue to consume the same amount of X and 
Y since he 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

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

isabelt_18

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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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Chloeellawright

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  • Posts: 588
Reply 2 on: Apr 19, 2019
Gracias!

bblaney

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  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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