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Answer the Question on the Basis of the Following Total

Question 89

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Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $18 Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $18   How many units of the two products will the rational consumer purchase? A)  3 of L and none of M B)  4 of L and 2 of M C)  3 of L and 5 of M D)  2 of L and 3 of M How many units of the two products will the rational consumer purchase?


A) 3 of L and none of M
B) 4 of L and 2 of M
C) 3 of L and 5 of M
D) 2 of L and 3 of M

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