At the consumer's optimal consumption bundle, the MRSXY is 4, and the marginal utility of good X is 8. What is the marginal utility of good Y?
A) 1/2
B) 2
C) 24
D) 16
Correct Answer:
Verified
Q50: Figure: Music and Movie Downloads 3
Q51: As one moves down along an indifference
Q52: As indifference curves move northeast or away
Q53: Use the following to answer questions:
Figure: Optimal
Q54: Figure: Preferences and Indifference Curves 
Q56: As one moves down along an indifference
Q57: Use the following to answer questions:
Figure: Indifference
Q58: Preferences are characterized generally by:
A) budget constraints.
B)
Q59: Use the following to answer questions:
Figure: Indifference
Q60: Figure: Marginal Rate of Substitution
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