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If the marginal utility of good X exceeds that of good Y, this implies that
Classroom
Economics Classroom
Jamb
Jamb 2006
The Theory Of Consumer Behaviour
Diminishing Marginal Utility And The Law Of Demand
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If the marginal utility of good X exceeds that of good Y, this implies that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
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
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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