Use the following for questions 61-69.

-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y.
A) 0; 4
B) 1; 3
C) 2; 2
D) 3; 1

Question

Use the following for questions 61-69.
  
-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y.
A) 0; 4 
B) 1; 3 
C) 2; 2 
D) 3; 1

Quizplus · Accepted Answer

The Answer of Use the following for questions 61-69.
  
-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y.
A) 0; 4 
B) 1; 3 
C) 2; 2 
D) 3; 1

Use the Following for Questions 61-69