You do not have to answer 1st question just look at the picture then answer the 2nd question. 09. At point d,O(a) MUx / Px = MUy / Py(b) MUX/Px > MUy / PyO (c) MUx / Px < MUy / Py(d) Marginal Utility of Y is negative(e) none of the above 252015105Y0B3B2B10O2507. Point (a) compared to point (d)C10(D15(a) represents a higher level of utility.O (b) represents the same level of utility, but is less expensive.O (c) represents a higher level of utility and is less expensive.O (d) represents a lower level of utility but is less expensive.O(e) none of the above.12122011131113X

Indifference curve represents all the combinations of the two good that gives the consumer same…

Answered: 09. At point d. (a) MUx/Px = MUY/Py (b)…

09. At point d. (a) MUx/Px = MUY/Py (b) MUX/Px > MUy / Py (c) MUx / Px < MUy/Py (d) Marginal Utility of Y is negative (e) none of the above

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 6MC

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Question

You do not have to answer 1st question just look at the picture then answer the 2nd question.

09. At point d,
O(a) MUx / Px = MUy / Py
(b) MUX/Px > MUy / Py
O (c) MUx / Px < MUy / Py
(d) Marginal Utility of Y is negative
(e) none of the above

25
20
15
10
5
Y
0
B3
B2
B1
0
O
2
5
07. Point (a) compared to point (d)
C
10
(D
15
(a) represents a higher level of utility.
O (b) represents the same level of utility, but is less expensive.
O (c) represents a higher level of utility and is less expensive.
O (d) represents a lower level of utility but is less expensive.
O(e) none of the above.
12
12
20
11
13
11
13
X

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