Question

012: The MU schedule for goods X and Y are given price of both the goods is Rs 1 each and
the income of Ramesh is assumed to be Rs 5. Determine how many units of both the
commodities should be purchased buy Ramesh to maximize his total utility. What is the
total amount of utility received by Ramesh at the point of equilibrium?
Quantity (Units)
1
MU of X (Units)
11
MU of Y (Units)
8
2
10
7
3
9
6
4
8
4
5
7
3
6
6
2​

Answer 1

Answer:

012: The MU schedule for goods X and Y are given price of both the goods is Rs 1 each and

the income of Ramesh is assumed to be Rs 5. Determine how many units of both the

commodities should be purchased buy Ramesh to maximize his total utility. What is the

total amount of utility received by Ramesh at the point of equilibrium?

Quantity (Units)

1

MU of X (Units)

11

MU of Y (Units)

8

2

10

7

3

9

6

4

8

4

5

7

3

6

6

2

Answer 2

3029288

Explanation:

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