Use the following to answer questions:
-(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium. Assume that the price of good X is $2 per unit, the price of good Y is $1 per unit, and you have $10 to spend on both goods. To maximize utility, you would consume _____ units of X and _____ units of Y.
A) 3; 4
B) 2; 3
C) 2; 6
D) 5; no

Question

Use the following to answer questions: 
-(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium. Assume that the price of good X is $2 per unit, the price of good Y is $1 per unit, and you have $10 to spend on both goods. To maximize utility, you would consume _____ units of X and _____ units of Y.
A) 3; 4 
B) 2; 3 
C) 2; 6 
D) 5; no

Quizplus · Accepted Answer

To maximize utility, you would consume 2 units of X and 6 units of Y.

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