Given the following table showing various combinations of goods X and Y that bring equal satisfaction to an individual consumer:
In this table, as the individual consumes a greater amount of X, a __________ amount of good Y is given up for each additional unit of good X. This pattern suggests that, as more of good X is consumed and less of good Y is consumed, the ratio MUX/MUY is __________.
A) larger; increasing, which contradicts economists' usual expectations
B) larger; decreasing, which conforms to economists' usual expectations
C) smaller; increasing, which contradicts economists' usual expectations
D) smaller; decreasing, which conforms to economists' usual expectations
Correct Answer:
Verified
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