Answer the question on the basis of the following marginal utility data for products X and Y. Assume that the prices of X and Y are $4 and $2, respectively, and that the consumer's income is $18.
What level of total utility will the utility-maximizing consumer realize?
A) 96 utils
B) 108 utils
C) 72 utils
D) 142 utils
Correct Answer:
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Q184: Answer the question on the basis of
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