Assam ASSEB HS Class 11-12 Economics Practice Questions - Assam State School Education Board (ASSEB AHSEC) Higher Secondary Economics Examination Exam

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If the price of Good X is ₹20 and its Marginal Utility is 80 utils, while the price of Good Y is ₹10 and its Marginal Utility is 50 utils, how should a utility-maximizing consumer reallocate spending?

Buy more of Good X and less of Good Y Buy more of Good Y and less of Good X Maintain current consumption as equilibrium is reached Stop buying both goods immediately

Correct Answer:

Buy more of Good Y and less of Good X

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