Use the following to answer questions:
-(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium. Assume that goods X and Y both cost $1 per unit and you have $4 to spend on both goods. To maximize utility, you would consume _____ unit(s) of X and _____ unit(s) of Y.
A) no; 4
B) 1; 3
C) 2; 2
D) 3; 1

Question

Use the following to answer questions: 
-(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium. Assume that goods X and Y both cost $1 per unit and you have $4 to spend on both goods. To maximize utility, you would consume _____ unit(s) of X and _____ unit(s) of Y.
A) no; 4 
B) 1; 3 
C) 2; 2 
D) 3; 1

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Consumer Equilibrium) Look at the table Consumer Equilibrium. Assume that goods X and Y both cost $1 per unit and you have $4 to spend on both goods. To maximize utility, you would consume _____ unit(s) of X and _____ unit(s) of Y.
A) no; 4 
B) 1; 3 
C) 2; 2 
D) 3; 1

Use the Following to Answer Questions