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Use the Indifference Curves and the Budget Lines in Figure

Question 120

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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 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.


A) 25 units of Y.
B) 21 units of Y.
C) 15 units of Y.
D) 10 units of Y.

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