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Use the Following for Questions 61-69

Question 236

Multiple Choice

Use the following for questions 61-69.
Use the following for questions 61-69.      -(Exhibit: Consumer Equilibrium 1)  Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume _______ units of X and _______ units of Y. A)  0; 1 B)  1; 5 C)  4; 6 D)  5; 5 Use the following for questions 61-69.      -(Exhibit: Consumer Equilibrium 1)  Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume _______ units of X and _______ units of Y. A)  0; 1 B)  1; 5 C)  4; 6 D)  5; 5
-(Exhibit: Consumer Equilibrium 1) Assume that the price of good X is $5 per unit, the price of good Y is $1 per unit, and you have $10 of income to spend on both goods.To maximize utility, you would consume _______ units of X and _______ units of Y.


A) 0; 1
B) 1; 5
C) 4; 6
D) 5; 5

Correct Answer:

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