Question

show and answer the
following questions.
Answer the question based on the table below
showing the marginal utility schedules for product
X and product Y for a hypothetical consumer. The price of product X is 4 and the price of product Y is 2. The income of the consumer is 20.

1. If the consumer can only buy product X, how much
will the consumer buy and what will be the total
utility?
(A) 4X and 20
(B) 4X and 104
(C) 5X and 16
(D) 5X and 120​

Answer 1

Answer:

show and answer the

following questions.

Answer the question based on the table below

showing the marginal utility schedules for product

X and product Y for a hypothetical consumer. The price of product X is 4 and the price of product Y is 2. The income of the consumer is 20.

1. If the consumer can only buy product X, how much

will the consumer buy and what will be the total

utility?

(A) 4X and 20

(B) 4X and 104

(C) 5X and 16

(D) 5X and 120​