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

Economics

JAMB 2006

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

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Correct Answer: Option B

Explanation

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

Correct Answer: Option B

Explanation

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