Multiple Choice
Assume that an individual consumes two goods,X and Y.The total utility assumed measurable) of each good is independent of the rate of consumption of other goods.The prices of X and Y are,respectively,$5 and $10. Given the above,if the consumer has $65 to spend on X and Y,the utility-maximizing bundle is
A) 3X and 5Y.
B) 4X and 4Y.
C) 5X and 2Y.
D) 1X and 6Y.
E) 2X and 7Y.
Correct Answer:

Verified
Correct Answer:
Verified
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