Answer the Question on the Basis of the Following Marginal

question 247

Multiple Choice

Answer the question on the basis of the following marginal utility data for products X and Y. Assume that the prices of X and Y are $4 and $2, respectively, and that the consumer's income is $18. What quantities of X and Y should be purchased to maximize utility?

• A) 2 of X and 1 of Y
• B) 4 of X and 5 of Y
• C) 2 of X and 5 of Y
• D) 2 of X and 6 of Y

---

Definitions:

PERT Analysis

Project Evaluation and Review Technique, a statistical tool used in project management designed to analyze and represent the tasks involved in completing a given project, incorporating time estimates for completing each task.

Critical Path

The most extended line of activities within a project's plan that requires punctual completion for the project to finalize on its expected completion date.

Project Scheduling

The process of allocating time to tasks in a project to ensure it is completed within the set timeline, often visualized through tools such as Gantt charts.

Network Diagram

A network diagram is a graphical representation of tasks, activities, or events, organized in a way that reflects their relationships and dependencies within a project.