If the marginal utility of good X exceeds that of good Y; this implies that?

By: |Published on: Oct 26|Categories: Economics JAMB| 0 comments

A. a rational consumer will buy less of X
B. consuming more of X will increase total utility
C. Y is an inferior good
D. X will be cheaper than Y

Correct Answer:

Option B – consuming more of X will increase total utility

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