The Table Shows the Total Utility Data for Products X

question 100

Multiple Choice

The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $2 and $4, respectively, and that consumer income is $18. How many units of the two products will the consumer buy to get maximum utility?

• A)4 of X and 2 of Y
• B)2 of X and 4 of Y
• C)3 of X and 3 of Y
• D)4 of X and 3 of Y

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Definitions:

De Jure Corporation

A corporation that has been lawfully established following the required statutes.

Redemption

The act of recovering ownership of something by paying a specified sum.

Buying Back

The act of a company purchasing its own shares from the marketplace, which can increase the value of remaining shares by reducing the supply.

Property

Assets or possessions, either tangible or intangible, that are owned by individuals or entities, including real estate and personal property.