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Refer to the Following Indifference Map for a Consumer Who

Question 65

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Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4: Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4: In order to maximize utility subject to her budget constraint,this consumer should buy how many units of good X? A) 0 B) 4 C) 6 D) 8 E) 12 In order to maximize utility subject to her budget constraint,this consumer should buy how many units of good X?


A) 0
B) 4
C) 6
D) 8
E) 12

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