Exhibit 6A-7 Consumer equilibrium

-As shown in Exhibit 6A-7, the total utility a consumer receives at point B is ____ the total utility at point A.
A) greater than
B) equal to
C) less than
D) equal to the marginal rate of substitution (MR
S) plus

Question

Exhibit 6A-7 Consumer equilibrium
​ 
-As shown in Exhibit 6A-7, the total utility a consumer receives at point B is ____ the total utility at point A.
A) greater than 
B) equal to 
C) less than 
D) equal to the marginal rate of substitution (MR
S) plus

Quizplus · Accepted Answer

At point B, the consumer is consuming more of both goods X and Y than at point A. Therefore, the total utility the consumer receives at point B is greater than the total utility at point A.

Exhibit 6A-7 Consumer Equilibrium