Business, 04.01.2020 05:31 Jasten

Aconsumer currently spends a given budget on two goods, x and y, in such quantities that the marginal utility of x is 10 and the marginal utility of y is 8. the unit priceof x is $5 and the unit price of y is $2. the utility-maximizing rule suggests that this consumer should . increase consumption of product x and decrease consumption of product y. b. increase consumption of product x and increase consumption of product y. c. increase consumption of product y and decrease consumption of product x. d. stick with the current consumption mix because it yields maximum utility.

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