65. An increase in the consumer's income will do all of the following, except ______. (Points: 3)
a. shift the budget line away from the origin
b. increase the horizontal intercept
c. increase the vertical intercept
d. change the slope of the budget line
66. If a consumer purchases a combination of commodities X and Y such that MUx/Px = 20 and MUy/Py = 10, to maximize utility, consumers should buy ______. (Points: 3)
a. less of X and more of Y
b. more of X and less of Y
c. more of both X and Y
d. less of both X and Y
67. If a consumer purchases a combination of commodities X and Y such that MUx/Px = 20 and MUy/Py = 5, to maximize utility, the consumers should buy ______. (Points: 3)
a. more of X and less of Y
b. less of X and less of Y
c. more of both X and Y
d. less of both X and Y
I have 65. D, 66. A and 67. C
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