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Consumer's Income = $12 Refer to the Data

Question 46

Multiple Choice

Consumer's income = $12  Units of  Product  Marginal Utility, X ( Price =$1)  Marginal Utility, Y ( Price =$1)  Marginal Utility,  New Product, Z ( Price =$1)  First 121620 Second 101418 Third 81216 Fourth 61014 Fifth 4812 Sixth 2610 Seventh 048\begin{array}{l}\begin{array} { c c c c } \begin{array} { c } \\\text { Units of } \\\text { Product }\\\hline\end{array} & \begin{array} { c } \\\text { Marginal Utility, X } \\( \text { Price } = \$ 1 ) \\\hline\end{array} & \begin{array} { c } \\\text { Marginal Utility, Y } \\( \text { Price } = \$ 1 ) \\\hline\end{array} & \begin{array} { c } \text { Marginal Utility, }\\\text { New Product, Z } \\( \text { Price } = \$ 1 ) \\\hline\end{array} \\ \text { First } & 12 & 16 & 20 \\\text { Second } & 10 & 14 & 18 \\\text { Third } & 8 & 12 & 16 \\\text { Fourth } & 6 & 10 & 14 \\\text { Fifth } & 4 & 8 & 12 \\\text { Sixth } & 2 & 6 & 10 \\\text { Seventh } & 0 & 4 & 8\end{array}\end{array} Refer to the data.In equilibrium,the introduction of new product Z has increased this consumer's total utility by:


A) 42 utils.
B) 54 utils.
C) 60 utils.
D) 66 utils.

Correct Answer:

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