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Exhibit 6-3 Marginal Utility Data for Goods X and Y

Question 47

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Exhibit 6-3 Marginal utility data for goods X and Y
Exhibit 6-3 Marginal utility data for goods X and Y   As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume: A)  neither X nor Y. B)  more of X and less of Y. C)  more of Y. D)  more of both X and Y.
As shown in Exhibit 6-3, assume that the price of good X is $1 per unit and the price of good Y is $2 per unit and your budget is $13. If you consume 4 units of good X and 2 units of good Y and maximize utility, you should consume:


A) neither X nor Y.
B) more of X and less of Y.
C) more of Y.
D) more of both X and Y.

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