Question
Assume a consumer is spending their entire budget and the MU x = 1,000 utils, MU y = 200 utils, P x = $50, and
Assume a consumer is spending their entire budget and the MUx = 1,000 utils, MUy = 200 utils, Px = $50, and Py = $10. This consumer
A: should buy more of X and less of Y.
B- should buy more of X and more of Y.
C-is in equilibrium.
D-should buy less of X and less of Y.
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
