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 $110 to spend on X and Y,which combination will the consumer choose?
A) 5X and 4Y
B) 6X and 8Y
C) 7X and 6Y
D) 8X and 7Y
E) 7X and 7Y
Correct Answer:

Verified
Correct Answer:
Verified
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