Assume that a consumer purchases a combination of product A and product B such

Assume that a consumer purchases a combination of

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86.Assume that a consumer purchases a combination of product A and product B such that the MUa/Pa= 8 and MUb/Pb= 6. To maximize utility without spending more money, the consumer should: A. Purchase less of product A and more of product BB. Purchase more of product A and less of product BC. Purchase more of both product A and product BD. Make no change in purchases of products Aand B87.A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and that of Y is 16 units. If the unit price of X is $5, then the price of Y must be: 88.Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py= 25 and MUz/Pz= 25. To maximize utility, without spending more money, the consumer should: 89.When the price of a product falls for a normal good, the: Page 2of 6
Study Guide 5 of 5, Test 1ECO 202 Principles of MicroeconomicsChapter 7. Utility Maximization

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