Shelley is maximizing utility when she buys luxury good X and luxury good Y. If the utility from her last purchased good X is twice the utility from her last purchased good Y , which of the following situations is correct?

Question

Shelley is maximizing utility when she buys luxury good X and luxury good Y. If the utility from her last purchased good  X  is twice the utility from her last purchased good  Y , which of the following situations is correct?

Answer

The price of luxury good  X  is twice the price of luxury good  Y .

Answer

Shelley buys twice as many luxury good  X  as luxury good  Y .

Answer

The price of luxury good  Y  is twice the price of luxury good  X.

Answer

Shelley buys twice as many luxury good  Y  as luxury good  X .

Answer

Shelley buys more luxury good  Y  than luxury good  X , but we do not know how many more.

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Shelley is maximizing utility when she buys luxury good X and luxury good Y. If ...

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