Use the table below to answer the following question. Table 8.2.4

Refer to Table 8.2.4. Suppose the price of X is $1 and the price of Y is $1. How much of each should you purchase to maximize utility from a total expenditure of $11?

Question

Use the table below to answer the following question. Table 8.2.4

Refer to Table 8.2.4. Suppose the price of  X  is $1 and the price of  Y  is $1. How much of each should you purchase to maximize utility from a total expenditure of $11?

Accepted Answer

5 units of  X  and 6 units of  Y

Answer

6 units of  X  and 5 units of  Y

Answer

4 units of  X  and 7 units of  Y

Answer

3 units of  X  and 8 units of  Y

Answer

7 units of  X  and 4 units of  Y

Units of X	Total Utility (X)	Units of Y	Total Utility (Y)
0	0	0	0
1	9	1	49
2	17	2	90
3	24	3	110
4	30	4	118
5	35	5	124
6	39	6	129
7	42	7	132
8	44	8	133

Crowdly

Use the table below to answer the following question. Table 8.2.4 Refer t...

Хочете миттєвий доступ до всіх перевірених відповідей на moodle.uleth.ca?