If the marginal utility of good X exceeds that of good Y, this implies that

If the marginal utility of good X exceeds that of good Y, this implies that
  • A.
    a rational consumer will buy less of X
  • B.
    consuming more of X will increase total utility
  • C.
    Y is an inferior good
  • D.
    X will be cheaper than Y
Correct Answer: Option B
Explanation
You May Also Like