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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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am. 130.

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.
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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