Answer to Question #84031 in Microeconomics for Nandy

Question

Px=2, Py=3
Units- 1,2,3,4,5,6
MUx/Px- 10,9,8,7,6,5
MUy/Py- 8,7,6,5,4,3
In this data,
1) MUx/Px > MUy/Py
2) MUx/Px = MUy/Py
3) MUx/Px < MUy/Py
By data, all entries are like MUx/Px > MUy/Py I mean 10>8, 9>7, 8>6, 7>5, 6>4, 5>3. Then what about MUx/Px < MUy/Py and MUx/Px = MUy/Py?

Answer 1

Px=2, Py=3

Units - 1,2,3,4,5,6

MUx/Px -10,9,8,7,6,5

MUy/Py - 8,7,6,5,4,3

In this data, all entries are like MUx/Px > MUy/Py, because 10>8, 9>7, 8>6, 7>5, 6>4, 5>3.

So, the correct answer is:

1) MUx/Px > MUy/Py.

Conditions 2 and 3 are not true for this data.