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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