Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $1, the consumer would maximize utility by consuming
A) 25 units of Y.
B) 21 units of Y.
C) 15 units of Y.
D) 10 units of Y.

Question

Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $1, the consumer would maximize utility by consuming
A) 25 units of Y. 
B) 21 units of Y. 
C) 15 units of Y. 
D) 10 units of Y.

Quizplus · Accepted Answer

The Answer of  Use the indifference curves and the budget lines in Figure 19.3 to answer the indicated question.Assume the price of Y is $1 per unit.If the price per unit of good X is $1, the consumer would maximize utility by consuming
A) 25 units of Y. 
B) 21 units of Y. 
C) 15 units of Y. 
D) 10 units of Y.

Use the Indifference Curves and the Budget Lines in Figure