Try out our new practice tests completely free!
Solved

# The Table Shows the Marginal Utility Schedules for Old Product

Question 69
Multiple Choice
Question 69
Multiple Choice

## The table shows the marginal utility schedules for old product X and new product Y for a hypothetical consumer. The price of X is $3, and the price of good Y is$2. The budget of the consumer is \$15. If the consumer buys both old product X and new product Y, how much will the consumer buy of each to maximize utility?

A)3X and 4Y
B)3X and 3Y
C)4X and 3Y
D)4X and 4Y

Choose question tag

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Search By Image

Scan any paper and upload it to find exam solutions and many more

Flashcards

Studying is made a lot easier and more fun with our online flashcards