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

Recognize legislation aimed at protecting consumers and preventing the sale of dangerous products.

Distinguish between green marketing, social marketing, and corporate giving.

Understand the discrepancy between consumer attitudes towards ethical products and their actual purchasing behavior.

Recognize the importance of corporate actions in enhancing social and environmental impacts.

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