{"id":49270,"date":"2024-04-15T22:53:18","date_gmt":"2024-04-15T22:53:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=49270"},"modified":"2024-04-15T22:53:18","modified_gmt":"2024-04-15T22:53:18","slug":"the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/","title":{"rendered":"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;less X and more Y&#8221; option2=&#8221;more X and less Y&#8221; option3=&#8221;more X and more Y&#8221; option4=&#8221;less X and less Y&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. less X and more Y.<\/p>\n<p>The consumer should buy less X and more Y because the marginal utility of X is less than the marginal utility of Y, and the price of X is greater than the price of Y. This means that the consumer is getting more satisfaction from consuming Y than from consuming X, and that they are paying more for X than they are for Y. By buying less X and more Y, the consumer can increase their satisfaction while also saving money.<\/p>\n<p>Here is a more detailed explanation of each option:<\/p>\n<ul>\n<li>Option A: less X and more Y. This is the correct answer because the marginal utility of X is less than the marginal utility of Y, and the price of X is greater than the price of Y. This means that the consumer is getting more satisfaction from consuming Y than from consuming X, and that they are paying more for X than they are for Y. By buying less X and more Y, the consumer can increase their satisfaction while also saving money.<\/li>\n<li>Option B: more X and less Y. This is not the correct answer because the marginal utility of X is less than the marginal utility of Y. This means that the consumer is getting more satisfaction from consuming Y than from consuming X. If the consumer buys more X, they will be getting less satisfaction from their consumption.<\/li>\n<li>Option C: more X and more Y. This is not the correct answer because the price of X is greater than the price of Y. This means that the consumer is paying more for X than they are for Y. If the consumer buys more X, they will be spending more money than they need to.<\/li>\n<li>Option D: less X and less Y. This is not the correct answer because the marginal utility of X is less than the marginal utility of Y. This means that the consumer is getting more satisfaction from consuming Y than from consuming X. If the consumer buys less X, they will be getting less satisfaction from their consumption.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;less X and more Y&#8221; option2=&#8221;more X and less Y&#8221; option3=&#8221;more X and more Y&#8221; option4=&#8221;less X and less Y&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-49270","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;less X and more Y&#8221; option2=&#8221;more X and less Y&#8221; option3=&#8221;more X and more Y&#8221; option4=&#8221;less X and less Y&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T22:53:18+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/","og_locale":"en_US","og_type":"article","og_title":"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy","og_description":"[amp_mcq option1=&#8221;less X and more Y&#8221; option2=&#8221;more X and less Y&#8221; option3=&#8221;more X and more Y&#8221; option4=&#8221;less X and less Y&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T22:53:18+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/","url":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/","name":"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T22:53:18+00:00","dateModified":"2024-04-15T22:53:18+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-mux-muy-ratio-is-10-and-the-px-py-ratio-is-8-so-the-consumer-should-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Economics","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/economics\/"},{"@type":"ListItem","position":4,"name":"The MUx\/MUy ratio is 10 and the Px\/Py ratio is 8, so the consumer should buy"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=49270"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/49270\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=49270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=49270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=49270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}