Refer to the following graph:
The price of X is $20 and the price of Y is $40.

-If U₁ is the highest level of utility the consumer can achieve, what is the consumer's income?

Question

Refer to the following graph:
The price of X is $20 and the price of Y is $40.

-If U₁ is the highest level of utility the consumer can achieve, what is the consumer's income?

Quizplus · Accepted Answer

The Answer of Refer to the following graph: The price of X is $20 and the price of Y is $40. -If U₁ is the highest level of utility the consumer can achieve, what is the consumer's income? A) $ 480 B) $ 600 C) $ 800 D) $1,200 E) none of the above

Refer to the Following Graph