FIGURE 6- 2
-Refer to Figure 6- 2. Suppose that the price of X is $2, the price of Y is $1, and the consumer's income is $10. The consumer is currently buying 3 units of good X and 4 units of good Y. In order to maximize his/her utility, the consumer should
A) buy the same amount of X but less Y.
B) buy more of X and less Y.
C) buy more of X but the same amount Y.
D) buy less of X and more Y.
E) not change his/her behaviour.

Question

FIGURE 6- 2
-Refer to Figure 6- 2. Suppose that the price of X is $2, the price of Y is $1, and the consumer's income is $10. The consumer is currently buying 3 units of good X and 4 units of good Y. In order to maximize his/her utility, the consumer should
A) buy the same amount of X but less Y. 
B) buy more of X and less Y. 
C) buy more of X but the same amount Y. 
D) buy less of X and more Y. 
E) not change his/her behaviour.

Quizplus · Accepted Answer

The Answer of  FIGURE 6- 2
-Refer to Figure 6- 2. Suppose that the price of X is $2, the price of Y is $1, and the consumer's income is $10. The consumer is currently buying 3 units of good X and 4 units of good Y. In order to maximize his/her utility, the consumer should
A) buy the same amount of X but less Y. 
B) buy more of X and less Y. 
C) buy more of X but the same amount Y. 
D) buy less of X and more Y. 
E) not change his/her behaviour.

FIGURE 6- 2 -Refer to Figure 6- 2. Suppose That the Price of the Price