Answer the Question on the Basis of the Following Total

question 31

Multiple Choice

Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $25 What level of total utility does the rational consumer realize in equilibrium?

• A)162 utils
• B)86 utils
• C)58 utils
• D)51 utils

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