subject
Business, 20.04.2020 17:08 ravenhudsonmail46

Answer the below question on the basis of the following marginal utility data for products X and Y. Assume that the prices of X and Y are $4 and $2 respectively and that the consumer's income is $18.1. What level of total utility will the utility-maximizing consumer realize?a. 96 utilsb. 108 utilsc. 72 utilsd. 142 utils2. What quantities of X and Y should be purchased to maximize utility?a. 2 of X and 1 of Yb. 4 of X and 5 of Yc. 2 of X and 5 of Yd. 2 of X and 6 of Y3. If the price of X decreases to $2, then the utility-maximizing combination of the two products is:a. 2 of X and 5 of Yb. 4 of X and 6 of Yc. 6 of X and 3 of Yd. 4 of X and 5 of YNote:a table is drawn which shows marginal utility

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:30
The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?
Answers: 3
question
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
question
Business, 22.06.2019 11:00
Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers: 3
question
Business, 22.06.2019 16:40
Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?
Answers: 3
You know the right answer?
Answer the below question on the basis of the following marginal utility data for products X and Y....
Questions
question
History, 20.02.2020 03:34
question
Mathematics, 20.02.2020 03:34
Questions on the website: 13722363