✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Let MUx and MUy stand for the marginal utility of goods X and Y, respectively. Let Px and Py stand for the price of goods X and Y, respectively. Assume that for a given consumer MUx and MUy are equal to each other, and Px is greater than Py. In this case, the consumer is better off if he consumes