Solved

FIGURE 6-2 -Refer to Figure 6-2.Suppose the Price of X Is $2,the

Question 57

Multiple Choice

  FIGURE 6-2 -Refer to Figure 6-2.Suppose the price of X is $2,the price of Y is $1,and the consumer's income is $10.The consumer is currently buying 4 units of good X and 2 units of good Y.In order to maximize his utility,he should A) make no changes - he is already maximizing his total utility. B) buy the same amount of X but less Y. C) buy more of X but the same amount Y. D) buy more of X and less Y. E) buy more Y and less X. FIGURE 6-2
-Refer to Figure 6-2.Suppose the price of X is $2,the price of Y is $1,and the consumer's income is $10.The consumer is currently buying 4 units of good X and 2 units of good Y.In order to maximize his utility,he should


A) make no changes - he is already maximizing his total utility.
B) buy the same amount of X but less Y.
C) buy more of X but the same amount Y.
D) buy more of X and less Y.
E) buy more Y and less X.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions