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The Table Given Below Reports the Total Utility Derived by an Individual

Question 52

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The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4
The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4    -Refer to Table 7.4. If the consumer's income increases from $10 to $20 but the prices of each of the goods doubles, the consumer would maximize utility by purchasing _____. A) 7 units of good A, 7 units of good B, and 7 units of good C B) 3 units of good A, 5 units of good B, and 6 units of good C C) 2 units of good A, 6 units of good B, and 7 units of good C D) 3 units of good A, 6 units of good B, and 4 units of good C E) 6 units of good A, 0 units of good B, and 7 units of good C
-Refer to Table 7.4. If the consumer's income increases from $10 to $20 but the prices of each of the goods doubles, the consumer would maximize utility by purchasing _____.


A) 7 units of good A, 7 units of good B, and 7 units of good C
B) 3 units of good A, 5 units of good B, and 6 units of good C
C) 2 units of good A, 6 units of good B, and 7 units of good C
D) 3 units of good A, 6 units of good B, and 4 units of good C
E) 6 units of good A, 0 units of good B, and 7 units of good C

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