Suppose Good X costs twice as much as Good Y. To maximize satisfaction, you should buy Good X only if it adds at least:

Name: Suppose Good X costs twice as much as Good Y. To maximize satisfaction, you should buy Good X only if it adds at least:
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Question

Quizplus · Accepted Answer

To maximize satisfaction given the cost difference, Good X should add twice as much satisfaction as Good Y because it costs twice as much. This ensures that the satisfaction per unit of cost is equalized between the two goods.

Suppose Good X Costs Twice as Much as Good Y