According to the following graphs,at point B, The price of Y is $15 per unit.
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

According to the following graphs,at point B,  The price of Y is $15 per unit.
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 According to the following graphs,at point B,  The price of Y is $15 per unit.
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

According to the Following Graphs,at Point B, the Price