(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium.Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume ___ ___ units of X and __ units of Y.
A.0; 1
B.1; 5
C.4; 6
D.5; 5

Question

Quizplus · Accepted Answer

The Answer of (Table: Consumer Equilibrium) Look at the table Consumer Equilibrium.Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume ___ ___ units of X and __ units of Y.
A.0; 1
B.1; 5
C.4; 6
D.5; 5

(Table: Consumer Equilibrium) Look at the Table Consumer Equilibrium