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You are choosing between two goods, X and Y, and your marginal utility from each is shown in the
following table Instructions: Enter your answers as a whole number. a. If your income is $9.00 and
the prices of X and Y are $2.00 and $1.00, respectively, what quantities of each will you purchase
to maximize utility? units of X and units of Y b. What total utility will you realize? utils

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You are choosing between two goods X and Y and your margin.pdf

  • 1. You are choosing between two goods, X and Y, and your marginal utility from each is shown in the following table Instructions: Enter your answers as a whole number. a. If your income is $9.00 and the prices of X and Y are $2.00 and $1.00, respectively, what quantities of each will you purchase to maximize utility? units of X and units of Y b. What total utility will you realize? utils