Refer to the given graph. Suppose you had tastes as described by the indifference curves above. If your income was $100, Pₓ = 20 and Pᵧ = 25, which combination of X and Y would maximize your utility?
A)5X and 0Y
B)0X and 4Y
C)3X and 1Y
D)5X and 4Y

Question

Refer to the given graph. Suppose you had tastes as described by the indifference curves above. If your income was $100, Pₓ = 20 and Pᵧ = 25, which combination of X and Y would maximize your utility?
A)5X and 0Y 
B)0X and 4Y 
C)3X and 1Y 
D)5X and 4Y

Quizplus · Accepted Answer

The Answer of  Refer to the given graph. Suppose you had tastes as described by the indifference curves above. If your income was $100, Pₓ = 20 and Pᵧ = 25, which combination of X and Y would maximize your utility?
A)5X and 0Y 
B)0X and 4Y 
C)3X and 1Y 
D)5X and 4Y

Refer to the Given Graph