Consumer Choice, Welfare, and Behavioural Aspects
Question 1 of 5
Time left: 00:00
Free Maths Q & A Practice 1 of 5 free exam-style exercises in this topic

Evidence for analysis

Marginal utility per dollarGoodMarginal utility per dollar85XYCompare the two MU/P ratios
EvidenceValue
MUx / Px8
MUy / Py5
Equilibrium ruleEqual marginal utility per dollar

A consumer buys X and Y. MUX/PX=8 and MUY/PY=5. To move toward equilibrium, the consumer should:

Select one option.
You have used 0 of 1 attempt
Next ▶