The marginal rate of substitution of X for Y is 3, the price of X is $4, and the price of Y is $2.
-Is the consumer making the utility maximizing choice? ______. If not, the consumer should purchase more ______ and less ______.

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The Answer of The marginal rate of substitution of X for Y is 3, the price of X is $4, and the price of Y is $2.
-Is the consumer making the utility maximizing choice? ______. If not, the consumer should purchase more ______ and less ______.

The Marginal Rate of Substitution of X for Y Is