Multiple Choice
A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.The utility-maximizing bundle is
A) 40 units of good X and 10 units of good Y.
B) 10 units of good X and 40 units of good Y.
C) 20 units of good X and 18 units of good Y.
D) 50 units of good X and 0 units of good Y.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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