Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 4

A rational consumer maximises satisfaction by buying three units of good X and four units of good Y which are the same dollar price. What does this indicate?

1. AMarginal utility per dollar spent is equal for both goods.
2. BThe total utility of 3X is equal to the total utility of 4Y.
3. CThe consumer should buy one more unit of good X to maximise utility.
4. DGood Y has greater marginal utility than good X.

As printed in the paper