subject
Business, 20.04.2020 17:08 ravenhudsonmail46

Answer the below 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 $18.1. What level of total utility will the utility-maximizing consumer realize?a. 96 utilsb. 108 utilsc. 72 utilsd. 142 utils2. What quantities of X and Y should be purchased to maximize utility?a. 2 of X and 1 of Yb. 4 of X and 5 of Yc. 2 of X and 5 of Yd. 2 of X and 6 of Y3. If the price of X decreases to $2, then the utility-maximizing combination of the two products is:a. 2 of X and 5 of Yb. 4 of X and 6 of Yc. 6 of X and 3 of Yd. 4 of X and 5 of YNote:a table is drawn which shows marginal utility

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:30
Which two of the following are benefits of consumer programs
Answers: 1
question
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
question
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
Answers: 2
question
Business, 22.06.2019 18:00
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
You know the right answer?
Answer the below question on the basis of the following marginal utility data for products X and Y....
Questions
question
Mathematics, 03.03.2021 20:00
question
Mathematics, 03.03.2021 20:00
question
Mathematics, 03.03.2021 20:00
question
Mathematics, 03.03.2021 20:00