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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 26
As shown in Exhibit 5, assume that the price of good X is $2 per unit and the price of good Y is $1 per unit, and your budget is $11. If you consume 3 units of good X and 4 units of good Y and maximize total utility, you should consume
A) neither X nor Y.
B) one unit more of X and one unit less of Y.
C) one unit more of Y.
D) one unit more of both X and Y.
E) one unit less of both X and Y.
A) neither X nor Y.
B) one unit more of X and one unit less of Y.
C) one unit more of Y.
D) one unit more of both X and Y.
E) one unit less of both X and Y.
Explanation
Verified
Verified
Quantity consumed of Good x = 3 units
MU...
Economics for Today 9th Edition by Irvin Tucker
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