The Table Shows the Marginal Utility Schedules for Old Product

question 240

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 $2, and the price of good Y is $1. The budget of the consumer is $10. What is the increase in total utility from the original situation when purchasing just X, compared to now when the consumer purchases the utility-maximizing combination of both X and Y?

• A)10
• B)18
• C)60
• D)78

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Definitions:

Circuit

A closed path through which electric current flows or can flow.

Current Flow

The movement of electric charge carriers, like electrons, through a conductor or circuit, typically from a region of negative charge to a region of positive charge.

Positive Point

A specific location or aspect that is considered beneficial, advantageous, or of a positive nature in a given context.

Engineering Notation

A variation of scientific notation in which powers of ten are used, restricted to multiples of three to facilitate easier reading and interpretation by engineers.