If the marginal utility of good X exceeds that of good Y, this implies that...
ECONOMICS
JAMB 2006
If the marginal utility of good X exceeds that of good Y, this implies that
- 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: B. consuming more of X will increase total utility
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *