Exhibit 6-3 Marginal utility data for goods X and Y
-As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume:
A) neither X nor Y.
B) more of X and less of Y.
C) more of Y.
D) more of both X and Y.
E) less of both X and Y.
Correct Answer:
Verified
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