Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20. When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A)72.
B)84.
C)136.
D)156.

Question

Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.  When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A)72. 
B)84. 
C)136. 
D)156.

Quizplus · Accepted Answer

The Answer of Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.  When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A)72. 
B)84. 
C)136. 
D)156.

Answer the Question Based on the Table Below Showing the Marginal