Assume that a consumer purchases a combination of products Y and Z and that the MUVPy= 36/9 and MUP2= 8/2. To maximize utility, without spending more money, the consumer should Multiple Choice purchase less of Z and more of Y. purchase more of Z and less of Y, purchase more of both Y and Z. make no change in the quantities Y and Z.

Assume that a consumer purchases a combination of products Y and Z and that the MUVPy= 36/9 and MUP2= 8/2. To maximize utility, without spending more money, the consumer should Multiple Choice purchase less of Z and more of Y. purchase more of Z and less of Y, purchase more of both Y and Z. make no change in the quantities Y and Z.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 16SQ

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Assume that a consumer purchases a combination of products Y and Z and that the MUVPY= 36/9 and MU/Pz= 8/2. To maximize utility, without spending more money, the consumer should
Multiple Choice
purchase less of Z and more of Y.
purchase more of Z and less of Y.
purchase more of both Y and Z.
make no change in the quantities Y and Z.

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