Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $30.
What would be the utility-maximizing combination of products X and Y that could be purchased with $30?
A) 3X and 3Y
B) 4X and 4Y
C) 5X and 4Y
D) 5X and 5Y

Question

Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $30.
 What would be the utility-maximizing combination of products X and Y that could be purchased with $30?
A) 3X and 3Y 
B) 4X and 4Y 
C) 5X and 4Y 
D) 5X and 5Y

Quizplus · Accepted Answer

The Answer of Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $30.
 What would be the utility-maximizing combination of products X and Y that could be purchased with $30?
A) 3X and 3Y 
B) 4X and 4Y 
C) 5X and 4Y 
D) 5X and 5Y

Answer the Question Based on the Table Below Showing the Marginal