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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Answer the Question on the Basis of the Following Marginal