A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.The utility-maximizing bundle is
A)40 units of good X and 10 units of good Y.
B)10 units of good X and 40 units of good Y.
C)20 units of good X and 18 units of good Y.
D)50 units of good X and 0 units of good Y.
E)none of the above

Question

A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.The utility-maximizing bundle is 
A)40 units of good X and 10 units of good Y. 
B)10 units of good X and 40 units of good Y. 
C)20 units of good X and 18 units of good Y. 
D)50 units of good X and 0 units of good Y. 
E)none of the above

Quizplus · Accepted Answer

The Answer of A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.The utility-maximizing bundle is 
A)40 units of good X and 10 units of good Y. 
B)10 units of good X and 40 units of good Y. 
C)20 units of good X and 18 units of good Y. 
D)50 units of good X and 0 units of good Y. 
E)none of the above

A Consumer Has the Indifference Map Shown Below