Refer to the following graphs:

The price of Y is $15 per unit.
-At point B,
A) the consumer can exchange one unit of X for one unit of Y and keep income unchanged.
B) the marginal rate of substitution of X for Y is greater than it is at point A.
C) the consumer's utility is greater than it is at point A.
D) both a and b
E) all of the above

Question

Refer to the following graphs:

The price of Y is $15 per unit.
-At point B,
A) the consumer can exchange one unit of X for one unit of Y and keep income unchanged. 
B) the marginal rate of substitution of X for Y is greater than it is at point A. 
C) the consumer's utility is greater than it is at point A. 
D) both a and b 
E) all of the above

Quizplus · Accepted Answer

The Answer of Refer to the following graphs:

The price of Y is $15 per unit.
-At point B,
A) the consumer can exchange one unit of X for one unit of Y and keep income unchanged. 
B) the marginal rate of substitution of X for Y is greater than it is at point A. 
C) the consumer's utility is greater than it is at point A. 
D) both a and b 
E) all of the above

Refer to the Following Graphs