Answer the Question Based on the Table Below Showing the Marginal

question 59

Multiple Choice

Answer the question based on the table below showing the marginal utility schedules for product X and product Y for a hypothetical consumer. The price of product X is $4, and the price of product Y is $2. The income of the consumer is $20.
If the consumer buys both product X and product Y, how much will the consumer buy of each in order to maximize utility?

• A) 4X and 2Y
• B) 3X and 4Y
• C) 4X and 3Y
• D) 5X and 3Y

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