Econ 1 51. A consumer is maximizing her utility with a particular money income when:O a. Pa = Pb = Pc = PnO b. MUa = MUb = MUC = ........ MUnO c. MUa/Pa MUb/Pb = MUC/Pc =......... MUn /PnO d. The total utility derived from each product consumed is the sameto search35wwwwww%5166&7Hhp8

Given the product prices and level of money income, a consumer utility-maximizing consumption bundle…

51. A consumer is maximizing her utility with a particular money income when: O a. Pa = Pb = Pc = ....... Pn O b. MUa = MUb = MUc = ........ MUN O c. O d. MUa/Pa = MUb/Pb = MUC/Pc =........ MUn /Pn The total utility derived from each product consumed is the same

51. A consumer is maximizing her utility with a particular money income when: O a. Pa = Pb = Pc = ....... Pn O b. MUa = MUb = MUc = ........ MUN O c. O d. MUa/Pa = MUb/Pb = MUC/Pc =........ MUn /Pn The total utility derived from each product consumed is the same

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 10RQ: What is the rule relating the ratio of marginal utility to prices of two goods at the optimal...

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Econ 1

51. A consumer is maximizing her utility with a particular money income when:
O a. Pa = Pb = Pc = Pn
O b. MUa = MUb = MUC = ........ MUn
O c. MUa/Pa MUb/Pb = MUC/Pc =......... MUn /Pn
O d. The total utility derived from each product consumed is the same
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