Question

1. The Marginal utility schedule for goods X and Y are given Price of both goods is Rs 1
each and the consumer's income is Rs 8. Determine how many units of both goods
should he purchase to maximise his total utility. Also, calculate the total utility at
equilibrium
Units
Consum
ed
MUX
(Utils)
MUY
(Utils)
1
26
11
2
21
9
3
17
8
13
6
5
8
4
5
3
2​

Answer 1

Explanation:

11

2

ai

uti

89

8

4

4

6

9

1

fbvhj

i8

1q

1q

1798