Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

To achieve the greatest satisfaction from a fixed level of expenditure on two goods, X and Y, how should a consumer divide her spending between the two goods?

  • Amarginal utility X = marginal utility Y
  • Bmarginal utility X × price of X = marginal utility Y
  • Cmarginal utility of X / price of X = marginal utility of Y / price of Y
  • Dmarginal utility of X / marginal utility of Y = price of X / price of Y

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