A Consumer Has the Indifference Map Shown Below

question 96

Multiple Choice

A consumer has the indifference map shown below.The market prices of X and Y are $20 and $12,respectively.The consumer has $1,000 to spend on goods X and Y.The utility-maximizing bundle is

• A)40 units of good X and 10 units of good Y.
• B)10 units of good X and 40 units of good Y.
• C)20 units of good X and 18 units of good Y.
• D)50 units of good X and 0 units of good Y.
• E)none of the above

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