Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $6 and $2, respectively, and that the consumer's income is $22 How many units of the two products will the rational consumer purchase?
A) 3 of L and 3 of M
B) 4 of L and 2 of M
C) 2 of L and 4 of M
D) 2 of L and 5 of M
Correct Answer:
Verified
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