Answer the Question on the Basis of the Following Marginal

question 166

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 level of total utility will the utility-maximizing consumer realize?

• A) 96 utils
• B) 108 utils
• C) 72 utils
• D) 142 utils

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Definitions:

Columbian Period

The era in history following the arrival of Christopher Columbus in the Americas in 1492, marking the beginning of widespread European exploration and colonization.

Trade

The exchange of goods and services between people or entities, often in exchange for money, which is a fundamental aspect of economic activity and interaction.

Pueblos

Indigenous communities in the Southwestern United States, known for their unique adobe and stone dwellings and rich cultural heritage.

Mississippians

Residents or natives of Mississippi, a state in the southern United States known for its rich cultural heritage, historical significance in the civil rights movement, and agricultural output.