{"id":852,"date":"2017-10-28T20:44:52","date_gmt":"2017-10-28T14:44:52","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/mitchells-money-income-is-150-the-price-level-of-utility\/"},"modified":"2017-10-28T20:44:52","modified_gmt":"2017-10-28T14:44:52","slug":"mitchells-money-income-is-150-the-price-level-of-utility","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/mitchells-money-income-is-150-the-price-level-of-utility\/","title":{"rendered":"Mitchell&#8217;s money income is $150, the price&#8230; level of utility?"},"content":{"rendered":"<p>Mitchell&#8217;s money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y bundle J. At bundle J Mitchell&#8217;s MRS is 2. At bundle J, if Mitchell increases consumption of Y by 1 unit how many units of X can he give up and still reach the same level of utility?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[57],"subject":[5],"class_list":["post-852","mcq","type-mcq","status-publish","hentry","topic-the-theory-of-individual-behavior","subject-managerial-economics"],"mcq_note":"Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices and income, Mitchell buys 50 units of X and 25 units of Y. Call this combination of X and Y bundle J. At bundle J Mitchell's MRS is 2. At bundle J, if Mitchell increases consumption of Y by 1 unit how many units of X can he give up and still reach the same level of utility?Answer:\u00bd.","mcq_options":[{"right":"yes","answer":"\u00bd"},{"right":"no","answer":"1"},{"right":"no","answer":"2"},{"right":"no","answer":"4"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":57,"title":"The Theory of Individual Behavior","slug":"the-theory-of-individual-behavior"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=852"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=852"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=852"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}