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Use the Following for Questions 61-69

Question 223

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Use the following for questions 61-69.
Use the following for questions 61-69. -(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y. A) 0; 4 B) 1; 3 C) 2; 2 D) 3; 1 Use the following for questions 61-69. -(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y. A) 0; 4 B) 1; 3 C) 2; 2 D) 3; 1
-(Exhibit: Consumer Equilibrium 1) Assume that the price of both goods X and Y is $1 per unit, and you have $4 of income to spend on both goods.To maximize utility, you would consume ______ units of X and _______ units of Y.


A) 0; 4
B) 1; 3
C) 2; 2
D) 3; 1

Correct Answer:

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