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The equimarginal rule __________ .<br />
A. equates the marginal utility per dollar spent on each good purchased<br />
B. states that in order to maximize utility the consumer should buy more of those goods with a<br />
high marginal utility<br />
C. states that in order to maximize utility the consumer should buy more of those goods that cost<br />
less<br />
D. none of the above<br />
Question 40 of<br />
2.5/ 2.5 Points<br />
40<br />
Suppose that MU x / P x < MU y / P y . This implies that __________ .<br />
A. spending a dollar less on Y and spending a dollar more on X increases<br />
utility<br />
B. spending a dollar less on X and spending a dollar more on Y increases utility<br />
C. X is more expensive than Y<br />
D. Y is more expensive than X<br />
Part 1 of 2 - Lesson 6<br />
Questions<br />
40.0/ 50.0 Points<br />
Question 1 of 402.5/ 2.5 Points<br />
When a second firm enters a monopolist's market, the initial demand curve facing the monopolist<br />
will __________ .<br />
A. shift to the left
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