Exhibit 6-3 Marginal utility data for goods X and Y

As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume:
A) neither X nor Y.
B) more of X and less of Y.
C) more of Y.
D) more of both X and Y.

Question

Exhibit 6-3 Marginal utility data for goods X and Y

As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume:
A) neither X nor Y. 
B) more of X and less of Y. 
C) more of Y. 
D) more of both X and Y.

Quizplus · Accepted Answer

The Answer of Exhibit 6-3 Marginal utility data for goods X and Y

As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume:
A) neither X nor Y. 
B) more of X and less of Y. 
C) more of Y. 
D) more of both X and Y.

Exhibit 6-3 Marginal Utility Data for Goods X and Y