Multiple Choice
A consumer has the indifference map shown below.The market prices of X and Y are $20 and $50,respectively.The consumer has $500 to spend on goods X and Y.The utility-maximizing bundle is
A) 5 units of good X and 20 units of good Y.
B) 15 units of good X and 15 units of good Y.
C) 25 units of good X and 0 units of good Y.
D) 37.5 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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