Consumer Choice | MCQs

    Q1: If the household consumes along the budget constraint where MUx/Px > MUy/Py then assuming normal preferences, we are sure that?

    • A. MUx > MUy
    • B. The household could increase his total utility by consuming more of X and less of Y
    • C. The household could increase his total utility by consuming less of X and more of Y
    • D. Price of X is greater than price of Y
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