Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.
When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A) 72.
B) 84.
C) 136.
D) 156.

Question

Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.
 When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A) 72. 
B) 84. 
C) 136. 
D) 156.

Quizplus · Accepted Answer

The Answer of Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.
 When the consumer purchases the utility-maximizing combination of product X and product Y, total utility will be
A) 72. 
B) 84. 
C) 136. 
D) 156.

Answer the Question Based on the Table Below Showing the Marginal