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    Managerial Economics Study Set 1
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    Exam 5: Theory of Consumer Behavior
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    Refer to the Following Graphs of a Consumer's Indifference Map
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Refer to the Following Graphs of a Consumer's Indifference Map

Question 10

Question 10

Multiple Choice

Refer to the following graphs of a consumer's indifference map and budget lines and possible demand curves:
Refer to the following graphs of a consumer's indifference map and budget lines and possible demand curves:      The price of Y is $50. -If U<sub>2</sub> is the maximum attainable utility, the price of X is A)  $10. B)  $15. C)  $20. D)  $25. E)  none of the above

The price of Y is $50.
-If U2 is the maximum attainable utility, the price of X is


A) $10.
B) $15.
C) $20.
D) $25.
E) none of the above

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