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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
What is the correct interpretation of the equation marginal utility of X ÷ price of X = marginal utility of Y ÷ price of Y?
A) One more dollar spent on good X gives you more marginal utility than one more dollar spent on good Y.
B) One more unit of good X gives you the same marginal utility as one more unit of good Y.
C) One more unit of good X gives you the same total utility as one more unit of good Y.
D) One more dollar spent on good X gives you the same marginal utility as one more dollar spent on good Y.
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kingbykingby
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8 years ago
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#2
8 years ago
I figured, great answer
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#3
8 years ago
I instantly knew the answer when I read the question, happy to help
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