Suppose that MUx = 20 and MUy = 10. Further suppose that the consumer's budget constraint can be expressed as x +2 y = 40. For this consumer, the optimal amount of good y to buy would be: A. 5 B. 0 C. 20 D. 40

Suppose that MUx = 20 and MUy = 10. Further suppose that the consumer's budget constraint can be expressed as x +2 y = 40. For this consumer, the optimal amount of good y to buy would be: A. 5 B. 0 C. 20 D. 40

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 5SQP

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Question

Suppose that MUx = 20 and MUy = 10. Further suppose that the consumer's budget constraint can be expressed as x +2 y = 40. For this consumer, the optimal amount of good y to buy would be:

A. 5

B. 0

C. 20

D. 40

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