Question
If the price of X falls to $1, ceteris paribus, to maximize total utility this consumer should buy: 6 units of X and 1 unit
If the price of X falls to $1, ceteris paribus, to maximize total utility this consumer should buy:
6 units of X and 1 unit of Y.
5 units of X and 1 unit of Y.
3 units of X and 2 units of Y.
1 unit of X and 4 units of Y.
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
