-Refer to the above table. If the price of Good X is $2, the price of Good Y is $1, and the consumer has $9, the rational consumer will purchase
A) 6 units of Good X and 0 units of Good Y.
B) 6 units of Good X and 3 units of Good Y.
C) 2 units of Good X and 5 units of Good Y.
D) 5 units of Good X and 6 units of Good Y.

Question

-Refer to the above table. If the price of Good X is $2, the price of Good Y is $1, and the consumer has $9, the rational consumer will purchase
A) 6 units of Good X and 0 units of Good Y. 
B) 6 units of Good X and 3 units of Good Y. 
C) 2 units of Good X and 5 units of Good Y. 
D) 5 units of Good X and 6 units of Good Y.

Quizplus · Accepted Answer

The consumer can spend $4 on 2 units of Good X and $5 on 5 units of Good Y, maximizing utility within the $9 budget.

-Refer to the Above Table