FIGURE 6-2
-Refer to Figure 6-2.Suppose the price of Y is $1 and the consumer's income is $10.Initially,the price of X is $2 and the consumer is buying 3 units of good X and 4 units of good Y.If the price of X then falls to $1,what quantities of X and Y will he/she now purchase in order to maximize total utility?
A)2 X and 8 Y.
B)3 X and 7 Y.
C)4 X and 6 Y.
D)5 X and 5 Y.
E)6 X and 4 Y.

Question

FIGURE 6-2
-Refer to Figure 6-2.Suppose the price of Y is $1 and the consumer's income is $10.Initially,the price of X is $2 and the consumer is buying 3 units of good X and 4 units of good Y.If the price of X then falls to $1,what quantities of X and Y will he/she now purchase in order to maximize total utility?
A)2 X and 8 Y. 
B)3 X and 7 Y. 
C)4 X and 6 Y. 
D)5 X and 5 Y. 
E)6 X and 4 Y.

Quizplus · Accepted Answer

The Answer of  FIGURE 6-2
-Refer to Figure 6-2.Suppose the price of Y is $1 and the consumer's income is $10.Initially,the price of X is $2 and the consumer is buying 3 units of good X and 4 units of good Y.If the price of X then falls to $1,what quantities of X and Y will he/she now purchase in order to maximize total utility?
A)2 X and 8 Y. 
B)3 X and 7 Y. 
C)4 X and 6 Y. 
D)5 X and 5 Y. 
E)6 X and 4 Y.

FIGURE 6-2 -Refer to Figure 6-2.Suppose the Price of Y Is $1