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kaheart [24]
3 years ago
8

According to the inequality, the marginal utility per dollar spent on good X is less than the marginal utility per dollar spent

on good Y. According to the rule of equal marginal utility per dollar spent, what can a consumer do to increase total utility for a given budget from consumption of goods X and Y?
Business
1 answer:
polet [3.4K]3 years ago
8 0

Answer:

The answer is: Consume more good Y and less good X.

Explanation:

The marginal utility of good Y is greater than the marginal utility of good X. This means that an extra unit consumed of good Y will give the consumer a grater satisfaction than consuming an extra unit of good X. So if the consumer wants to increase his total utility (satisfaction) he should buy more units of good Y.

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The correct answer is C. Mail questionnaires.

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Given that the company needs honest and sincere feedback regarding the quality of its products, and that its clients have so far not given the desired answers due to their education and lack of critical focus as a way to avoid hypothetical conflicts, the correct way to obtain honest and impersonal feedback regarding the quality of their products would be through mail questionnaires.

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Answer:

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