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Answer the Question Based on the Table Below Showing the Marginal

Question 236

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Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $3, and the price of product Y is $2. The income of the consumer is $18. Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $3, and the price of product Y is $2. The income of the consumer is $18.   If the consumer buys product X or product Y one unit at a time, which of the following will the consumer's first two purchases be? A) a first unit of X followed by a first unit of Y B) a first unit of X followed by a second unit of X C) a first unit of Y followed by a second unit of Y D) a first unit of Y followed by a first unit of X If the consumer buys product X or product Y one unit at a time, which of the following will the consumer's first two purchases be?


A) a first unit of X followed by a first unit of Y
B) a first unit of X followed by a second unit of X
C) a first unit of Y followed by a second unit of Y
D) a first unit of Y followed by a first unit of X

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