The Table Shows the Marginal Utility Schedules for Old Product

question 214

Multiple Choice

The table shows the marginal utility schedules for old product X and new product Y for a hypothetical consumer. The price of X is $4, and the price of good Y is $3. The budget of the consumer is $18. When the consumer purchases the utility-maximizing combination of old product X and new product Y, total utility will be

• A)78.
• B)64.
• C)60.
• D)70.

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Definitions:

Marry Younger Women

A social and demographic pattern where men tend to choose partners who are younger than themselves.

Older Men

Males in the later stages of life, typically facing unique psychological and physiological challenges and transitions.

Theory

A general statement about the relationship between constructs or events.

Lower Arousal

A state of reduced physiological and psychological activity or excitement.