If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy
A)1 unit of X and 1 unit of Y.
B)2 units of X and 2 units of Y.
C)1 unit of X and 2 units of Y.
D)5 units of X and no units of Y.

Question

If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy
A)1 unit of X and 1 unit of Y. 
B)2 units of X and 2 units of Y. 
C)1 unit of X and 2 units of Y. 
D)5 units of X and no units of Y.

Quizplus · Accepted Answer

The Answer of  If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total utility, this consumer should buy
A)1 unit of X and 1 unit of Y. 
B)2 units of X and 2 units of Y. 
C)1 unit of X and 2 units of Y. 
D)5 units of X and no units of Y.

If the Prices of X and Y Are $2 and $4