Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4: In order to maximize utility subject to her budget constraint,this consumer should buy how many units of good X?
A)0
B)4
C)6
D)8
E)12

Question

Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4:  In order to maximize utility subject to her budget constraint,this consumer should buy how many units of good X?
A)0 
B)4 
C)6 
D)8 
E)12

Quizplus · Accepted Answer

The Answer of Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4:  In order to maximize utility subject to her budget constraint,this consumer should buy how many units of good X?
A)0 
B)4 
C)6 
D)8 
E)12

Refer to the Following Indifference Map for a Consumer Who