The tables below show various combinations of goods X and Y which give a consumer the indicated levels of cardinal utility. | 1 UTIL | 4 UTILS | 16 UTILS | X | Y | X | Y | X | Y | 1 | 1 | 1 | 2 | 1 | 4 | 2 | ½ | 2 | 1 | 2 | 2 | 4 | ¼ | 4 | ½ | 4 | 1 | Which of the following options is false? (A) The marginal utility of X diminishes as X consumption increases holding Y constant. (B) The marginal rate of substitution of X for Y diminishes as X rises. (C) These preferences give rise to indifference curves which are convex to the origin. (D) An increase in the amount of X consumed increases the marginal utility of Y.

JNU SIS 2019 Question 16: Consumer preferences and utility

The tables below show various combinations of goods X and Y which give a consumer the indicated levels of cardinal utility.

Which of the following options is false?

Tap an option to check your answer.

Checking your account…

Consumer preferences and utility has come up 93 times in 7 exams since 2007.

This question is on Marginal rate of substitution and convexity, part of Consumer preferences and utility in Microeconomics.

The rate at which a consumer trades one good for another, and why it diminishes along a convex indifference curve.

TestStop has 11 past-paper questions on this subtopic.

The tables below show various combinations of goods X and Y which give a consumer the indicated levels of cardinal utility.

Which of the following options is false?

Tap an option to check your answer.

Checking your account…

Consumer preferences and utility has come up 93 times in 7 exams since 2007.

This question is on Marginal rate of substitution and convexity, part of Consumer preferences and utility in Microeconomics.

The rate at which a consumer trades one good for another, and why it diminishes along a convex indifference curve.

TestStop has 11 past-paper questions on this subtopic.