Multiple Choice
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 $4, and the price of product Y is $2. The income of the consumer is $20. 
If the consumer buys both product X and product Y, how much will the consumer buy of each in order to maximize utility?
A) 4X and 2Y
B) 3X and 4Y
C) 4X and 3Y
D) 5X and 3Y
Correct Answer:
Verified
Correct Answer:
Verified
Q192: A rational consumer will try to achieve
Q193: After eating four slices of pizza, you
Q194: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" If the prices
Q195: Marginal utility is total utility divided by
Q196: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q198: Each point on a single indifference curve
Q199: Give a brief description of the law
Q200: The table shows the utility schedule for
Q201: Suppose that football tickets at your university
Q202: "Essential" water is cheaper than "nonessential" diamonds