If MUx/Px exceeds MUy/Py, then the consumer should
a. consume more of good X and less of good Y
b. consume less of good X and more of good Y
c. consume less of both goods X and Y
d. not change the consumption levels of X and Y
e. consume more of good Z
A
Economics
You might also like to view...
Which of the following is not a type of portfolio investment?
(a) Investment in stocks. (b) Multinational corporation investment. (c) Investment in commercial paper. (d) All are types of portfolio investment. (e) None are types of portfolio investment.
Economics
According to the quantity theory of money, if M's growth is lower than Q's, then:
a. V falls. b. V rises. c. P stays the same d. P falls. e. P rises
Economics