A Consumer Has the Indifference Map Shown Below

question 75

Multiple Choice

A consumer has the indifference map shown below.The market prices of X and Y are $20 and $50,respectively.The consumer has $500 to spend on goods X and Y.The utility-maximizing bundle is

• A)5 units of good X and 20 units of good Y.
• B)15 units of good X and 15 units of good Y.
• C)25 units of good X and 0 units of good Y.
• D)37.5 units of good X and 0 units of good Y.
• E)none of the above