The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. How many units of the two products will the consumer buy to get maximum utility?
A)1 of X and 4 of Y
B)2 of X and 2 of Y
C)2 of X and 3 of Y
D)3 of X and 4 of Y

Question

The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18.  How many units of the two products will the consumer buy to get maximum utility?
A)1 of X and 4 of Y 
B)2 of X and 2 of Y 
C)2 of X and 3 of Y 
D)3 of X and 4 of Y

Quizplus · Accepted Answer

The Answer of The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18.  How many units of the two products will the consumer buy to get maximum utility?
A)1 of X and 4 of Y 
B)2 of X and 2 of Y 
C)2 of X and 3 of Y 
D)3 of X and 4 of Y

The Table Shows the Total Utility Data for Products X