Refer to Table 8.2.3. If the price of X is $1, the price of Y is $1, and the consumer has $11 of income, which of the following choices maximizes utility?

Question

Refer to Table 8.2.3. If the price of  X  is $1, the price of  Y  is $1, and the consumer has $11 of income, which of the following choices maximizes utility?

Answer

6 units of  X  and 5 units of  Y

Answer

7 units of  X  and 4 units of  Y

Answer

3 units of  X  and 8 units of  Y

Answer

4 units of  X  and 7 units of  Y

Answer

5 units of  X  and 6 units of  Y

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Refer to Table 8.2.3. If the price of X is $1, the price of Y is $1, and ...

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