The Table Shows the Total Utility Data for Products X

question 251

Multiple Choice

The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. How many units of the two products will the consumer buy to get maximum utility?

• A) 1 of X and 4 of Y
• B) 2 of X and 2 of Y
• C) 2 of X and 3 of Y
• D) 3 of X and 4 of Y

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Definitions:

Exam Scores

Numerical values assigned to assess the performance or knowledge of an individual in an examination setting.

Euthanized

The act of deliberately ending the life of an animal to relieve it of incurable disease or suffering in a manner that minimizes or eliminates pain and distress.

Bimodal

Describes a distribution or dataset having two distinct modes or peaks.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values of a dataset differ from the mean of the dataset.