Which one of the following statements is true? Select one: OA. Consumers choosing between goods X and Y will set MUX = MUY. O B. Consumer surplus on a unit of a good will never be zero. OC. The value of a good to a consumer is measured by the price. OD. If the marginal utility per dollar from good X is less than the marginal utility per dollar from good Y, then the consumer should shift some spending from X to Y. O E. Since consumers of a good consume this good until the price equals the value of the last unit, they clearly get no benefit from consuming this good.
Which one of the following statements is true? Select one: OA. Consumers choosing between goods X and Y will set MUX = MUY. O B. Consumer surplus on a unit of a good will never be zero. OC. The value of a good to a consumer is measured by the price. OD. If the marginal utility per dollar from good X is less than the marginal utility per dollar from good Y, then the consumer should shift some spending from X to Y. O E. Since consumers of a good consume this good until the price equals the value of the last unit, they clearly get no benefit from consuming this good.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 6QFR
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Question
am. 130.
Transcribed Image Text:Which one of the following statements is true?
Select one:
OA. Consumers choosing between goods X and Y will set MUX = MUY.
O B. Consumer surplus on a unit of a good will never be zero.
OC. The value of a good to a consumer is measured by the price.
OD. If the marginal utility per dollar from good X is less than the marginal utility per dollar from good Y, then the
consumer should shift some spending from X to Y.
O E. Since consumers of a good consume this good until the price equals the value of the last unit, they clearly get
no benefit from consuming this good.
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